Siemens buys Bonus Energy

Eva Balslev (2004-10-20)

The German company Siemens buys the Danish wind turbine manufacturer Bonus Energy A/S.

 

The sale of the Danish company is necessary due to the financial challenges of future wind power projects, says Bonus.

 

"The wind power projects are growing - especially the offshore projects. We have recently made a bid on an offshore project which is larger than our turnover," says Palle Nørgaard, CEO of Bonus Energy.

 

“Siemens has the industrial strength, the market force and a global sales department. So we consider Siemens as the perfect match," says Palle Nørgaard.

 

Bonus Energy currently ranks fifth among the world biggest turbine manufacturers and has an annual turn over of approximately 300 million euro.

 

Siemens energy division called Siemens Power Generation is the real buyer of Bonus and one of the worlds leading companies dealing with energy production. In 2003, the company had a turnover of 7 billion euro.

 

In spite of the German take over Palle Nørgaard expects that Bonus' future will be in Denmark.

 

"Bonus' head quarter in Denmark is becoming the head quarter of Siemens wind power activities. And we are expecting the company will grow due to the takeover," elaborates Palle Nørgaard.

 

Siemens names its new division "Wind Power" and the new German owner expects to further develop Bonus' current activities.

 

"We can build on Bonus' advanced technology as well as on their highly skilled and motivated employees. Combined with the financial strength of Siemens and our global sales and marketing activities, this will open up totally new and promising prospects for our business and thus also for the employees of Bonus Energy A/S,” says the president of Siemens Power Generation, Klaus Voges in a press release from Bonus.

 

If the Danish competition authorities approve the sale, the takeover will be effectuated in December 2004.

 

Related links

See the website of Bonus Energy A/S

See the website of Siemens Power Generation

Read about the Vestas and NEG Micon merger