Siemens Acquisition of Gamesa

In March 2017, the European Commission unconditionally approved the acquisition by Siemens of wind turbine manufacturer Gamesa after a Phase I investigation. Both firms were active in the manufacturing of onshore and offshore wind turbines, and the acquisition created a world market leader in this industry. Among other things, Compass Lexecon prepared analyses of bidding data that showed that the parties were not close competitors in the relatively highly concentrated offshore segment. A Compass Lexecon team led by Jorge Padilla, Thilo Klein and Enrique Andreu supported Siemens during the merger control investigation. Compass Lexecon worked with Simon Pritchard and Nicholas Scola of Linklaters LLP.