On June 13, 2023, Siemens Energy announced that the tender offer to acquire Siemens Gamesa was concluded in December 2022, following a sustained purchase order, the Company held around 98% of Siemens Gamesa shares and remaining shares in May 2022. In addition, the Company stated that Siemens Gamesa ceased trading on 14 February 2023 and the Company will have spent a total of ?4.05bn to acquire all shares not previously owned on completion of the transaction which has been financed with equity to maintain a solid investment grade rating. The Company added that the capital reduction was approved by 98.21% of the minority shareholders attending in person or by proxy (38.88%) which was contingent on a presence of at least 25% of the minority shareholders with an approval rate of at least two-thirds.

As a result of the capital reduction, the shares of the minority shareholders are redeemed. For that, the shareholders will receive compensation of ?18.05 per Siemens Gamesa share, the same price that was offered in the original tender offer by Siemens Energy in 2022. At the Extraordinary General Meeting of Siemens Gamesa, its minority shareholders concerning 2.21% of shares have approved a capital reduction for the remaining shares not held by Siemens Energy, paving the way for a full integration of both companies.

Siemens Gamesa chief executive Jochen Eickholt stated that he was pleased the turbine manufacturer?s minority shareholders are supporting its effort to fully integrate Siemens Gamesa into Siemens Energy and can focus 100% on improving performance and achieving profitability.