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Siemens Gamesa: shareholders approve 2017 accounts

(CercleFinance.com) - Last Friday Siemens Gamesa held its first annual general meeting in Zamudio (Vizcaya) since its merger last year.


At the meeting, the wind power company's shareholders approved its fiscal 2017 financial statements.

CEO Markus Tacke also said that 90% of the necessary steps for the integration process have already been executed, and highlighted the 2018-2020 business plan recently unveiled by the company, with an aim at unlocking 2 billion euros in cost savings.

Moreover, Tacke underscored the company's commitment to Spain and, specifically, the Basque region, home to Siemens Gamesa's headquarters.

The company - which has nearly 4,500 employees, 15 factories and three R&D centres in Spain - has registered offices in Zamudio (Basque region), where Siemens Gamesa's onshore business is also headquartered.

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