Siemens buys into A2Sea

With this investment, Siemens aims at advancing the industrialization of offshore wind power and the Danish A2Sea obtains the possibility of further expansion. "Together with Siemens, A2Sea can build optimized vessels for the installation of offshore wind turbines", says Wolfgang Dehen, CEO of Siemens Energy. The group hopes that the optimization of ships and processes will result in higher efficiency and shorter installation times.

The transaction is subject to the approval of the anti-trust authorities and is scheduled for the fourth quarter. The purchase price of the shares amounts to approximately € 115 million, to be paid by Siemens in two instalments in 2010 and 2011.

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