As the market for wind energy is growing, mergers can help companies to deal with the high competition. Image source: Shutterstock (#513544069)
Siemens and Gamesa are to merge to become a leading global player in wind energy as of yesterday, when the European Commisson gave their consent. Siemens will pay $1 billion to take the majority stake of the joint enterprise, and the deal is scheduled to go through in early April.
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