Siemens, Gamesa merger to create largest wind farm biz

Siemens, Gamesa merger to create largest wind farm biz

A Siemens logo is pictured on an office building of Siemens in Munich | REUTERS/Lukas Barth

Siemens AG, Europe’s biggest engineering company, will pay about $1 billion of cash to Spain’s Gamesa Corp. Tecnologica SA as part of a deal to combine the companies’ wind businesses, according to people familiar with the matter.

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