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3 November 2005 - Siemens Power Generation (PG) is to further expand its presence in the wind power sector with the acquisition of Bremen-based AN Windenergie GmbH.
An acquisition agreement was signed with the current shareholders on November 2, 2005, in Bremen. The approval of the German anti-trust authorities has already been issued and closing can be completed before the end of the current quarter. The purchase price was not disclosed.
AN Windenergie has a workforce of approximately 200. In Germany, the company has to date installed 1300 wind power systems with a combined capacity of approximately 1300 megawatts (MW). The company sells and maintains wind power systems with individual turbine ratings up to 3.6 MW. Since 1989, AN Windenergie had been the exclusive sales and service partner of Bonus Energy and has been active for Siemens Wind Power since Siemens acquired the Danish wind power company in late 2004.
Germany is one of the world's most important markets, above all with a view to future offshore projects. "Until now Siemens had served the German wind power market through AN Windenergie," stated Andreas Nauen, head of the Wind Power division of Siemens Power Generation. "With the acquisition of this company we want to further expand our market share in Germany."
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