Siemens Gamesa Renewable Energy, S.A.

Siemens Gamesa Renewable Energy, S.A. Overview

Company Name

Siemens Gamesa Renewable Energy

Website

https://www.siemensgamesa.com

Company Type

Public

Contact Information

ADDRESS: Polygon Zamudio Technology Park, 100 48170 Zamudio, vizcaya, Spain

PHONE: +34 944 03 73 52

Year of Inception

1976

Headquarters

Zamudio, Spain

Company Overview

Siemens Gamesa Renewable Energy, S.A. is one of the leading suppliers of wind power solutions, globally. The company designs, manufactures, sells, and services wind turbine generators. It is a pioneer in the renewable energy sector and has installed products and technology with a total capacity base of over 84 GW. Siemens Gamesa offers one of the most comprehensive and flexible portfolios for the maintenance and optimization of offshore and onshore wind turbines. On April 3, 2017 Siemens merged its wind power business with Gamesa to become a world-leading wind power provider, with unrivalled global presence. The company employs approximately 25,000 employees, with offices in more than 55 countries.

Key Regions of Sales

Asia-Pacific, Europe, Latin America

Strategy

The company focuses on collaborations and partnerships to expand their market share in wind power and renewables segment. The company’s strong alliances with many large multinational companies in the concerned and related market, enable them to accelerate growth by aligning with their value proposition. In addition, these marketplaces remain relatively fragmented. Therefore, they provide an opportunity to the company to participate in improving the industry structure via acquisitions. Acquisitions in Siemens, are meant for becoming a leading wind power player, thus expanding the footprint in emerging markets, and adding new technologies to capture additional value. It considers R&D to be important for the business, because it deals with the introduction of new products and technologies, which are beneficial for the company. The company focuses on expanding innovation map beyond established portfolio, and investing in new ideas, which will help to tap new business fields

Company Snapshot

$3,887.7M

Revenue

SWOT Analysis

Strengths

Fine product portfolio
Emphasis on research and development
Wide presence in Europe
Global Recognition
Heavy investment into research and development
Global recognition

Weaknesses

Limited geographical presence in Asia
Intense competition

Opportunities

Introduction of new product lines
Becoming a global player
Focus on reducing manufacturing cost

Threats

High dependence on a few suppliers.
Economic fluctuations
High dependence on few suppliers

Key Developments

Date	Approach	Development
April, 2017	Merger	Siemens AG had a merger with Gamesa to enhance the wind power business. Gamesa and Siemens Wind Power have been expected to form a world-leading wind power provider, with an unrivalled global presence and an excellent position in an attractive growth market.
April 2017	Expansion	Siemens strengthened electromobility business by opening its new eCar powertrain system business unit in Germany, which will enable the production of converters for hybrid and electric vehicles.

Product Offering

Siemens Gamesa Renewable Energy, S.A.
- ECHESA Series GE2000PL (60 Hz)
- ECHESA Series GE850PL (60 Hz)

Financial Performance

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