Senvion sells European services division and blade production to Siemens Gamesa

Hamburg, 22.10.2019

The internationally active wind turbine manufacturer Senvion is selling its European onshore service business and rotor blade production facility in Portugal to Siemens Gamesa Renewable Energy (SGRE). The creditors' committee of the insolvent company unanimously approved the agreement on October 11. The sale is currently subject to regulatory approval. If the transaction is successfully completed, approximately 60% of all jobs can be safeguarded.

After the company filed for insolvency in spring this year, the GÖRG restructuring experts Dr. Thorsten Bieg and Prof. Dr. Gerrit Hölzle were appointed to the executive board to support the management. In addition to the planned sale of the on-shore service business to Siemens Gamesa, further socially acceptable solutions will be sought. For example, exploratory talks are currently being held with potential investors for the non-European service business and the business units in India.

Self-administration team for Senvion

GÖRG Partnerschaft von Rechtsanwälten mbB and GÖRG Insolvenzverwaltung Partnerschaft
Dr. Thorsten Bieg, Partner, Restructuring, Hamburg
Priv.-Doz. Dr. Gerrit Hölzle, Partner, Insolvency administration, Bremen
Dr. Christian Bärenz, Partner, Restructuring, Cologne
Marc Odebrecht, Partner, Insolvency administration, Hamburg
Dr. Christian Wolf, Partner, Restructuring, Cologne
Oliver Dankert, LL.M., Partner, Insolvency administration, Hamburg
Sascha Feies, Partner, Insolvency administration, Berlin
Dr. Karl-Friedrich Curtze, Associated Partner, Restructuring, Hamburg
Johannes Bitter-Suermann, Of Counsel, Restructuring, Hamburg
Dr. Axel Dahms, Partner, Labour Law, Berlin
Burkhard Fabritius, MBA, Partner, Labour Law, Hamburg
Karin Böckmann, Associate, Labour Law, Hamburg

BWLS Strunk Stoffersen Partnerschaft mbB
Dipl.-Kfm. WP/StB Peter Stoffersen, Partner, Tax, Hamburg
WP/StB Tilman Jung, Tax, Hamburg

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