Gamesa has called on the company's shareholders to approve its merger with Siemens's wind power assets.

The shareholders will be asked to vote on the various resolutions needed to execute the merger with Siemens Wind Power. Gamesa plans to absorb the company that holds Siemens's wind power assets in exchange for newly-issued Gamesa shares. In the wake of the exchange, Siemens will own 59% of the company and Iberdrola will own 8%.

According to the companies, the merger between Gamesa and Siemens's wind power business will give rise to a leading global wind player with 69 GW installed base worldwide, an order backlog of €21 billion, revenue of €9.9 billion and adjusted EBIT of €915 million, using pro forma figures for the last 12 months as of June 2016. 

This story is reprinted from material from Gamesawith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.