Gamesa to take 50% in turbine maintenance specialist NEM
Author: Gamesa. License: All Rights Reserved.
Spanish wind power company Gamesa SA (BME:GAM) has entered into an agreement to acquire a 50% stake in NEM Solutions, a local developer of technological applications used to manage predictive maintenance in the wind and rail sectors.
The wind turbine maker will buy the entire 15% interest held by NEM Solutions co-founder Tecnalia along with a 35% stake from CAF, which will continue to own half of the business following the transaction.
NEM Solutions leverages data mining to optimise the performance of machines such as wind turbines and trains by anticipating future incidents. In Gamesa’s case, the systems developed by NEM will use data inputs generated and sent daily by over 14,500 turbines under its maintenance, totalling 20,600 MW, to the company's remote control centre in Navarre, Spain.
"By being able to anticipate errors, we can plan interventions, reduce the number of turbine stoppages and lengthen the amount of time they are up and running as we can carry out the required repairs during less windy periods," explained Xabier Etxeberria, Gamesa's Business CEO.
The stake buy is subject to antitrust clearance and is expected to be finalised during the first quarter of 2016. The value of the deal was not given.