“Closing these two deals has allowed us to reach another key milestone in the implementation of Vision 2020,” explains Joe Kaeser, CEO and President of Siemens. “With the new wind energy company, we have created a global market leader in the renewable energy sector. Mentor Graphics will help us further extend our leadership in the digital sector. Both transactions will benefit customers, employees, and shareholders.”.
Siemens Wind Power and Gamesa will form a world-leading wind energy provider with an unparalleled global presence and an excellent position in an attractive, growing market. The two companies complement each other almost perfectly and boast a unique product portfolio.
Mentor Graphics is a significant addition to Siemens' Digital Enterprise portfolio. Customers will not only be able to design a product's structure and mechanical systems and simulate their behavior, but they will also be able to virtually map and optimize electronic systems. As a result, Siemens will be able to offer customers the most comprehensive digital twin possible—something no other company in the industry can currently provide. Thanks to decades of experience in industrial automation and a comprehensive software portfolio, the company will be able to optimally leverage the full potential of digitalization for its customers and thus generate value for them.
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Siemens completes the acquisition of Mentor Graphics and the merger with Gamesa
Siemens today completed the merger of its wind energy business with Gamesa, on schedule. A few days ago, the company also completed the acquisition of industrial software provider Mentor Graphics ahead of schedule.
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