Natixis Partners Iberia advised Gamesa Corporación Tecnológica on the merger of its tower construction business with that of Grupo Daniel Alonso. The newly formed entity is 32% owned by Gamesa Corporación Tecnológica and 68% owned by Grupo Daniel Alonso.
Gamesa, a leading player in the renewable energy industry, had three tower production plants in Spain. Grupo Daniel Alonso, a family-owned company mainly engaged in steel processing and manufacturing of capital goods, had 1 tower production plant. The merger will allow for the creation of a leading wind tower manufacturer.