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Company Description

Contact Info

Parque Tecnológico de Bizkaia

Edificio 222

Zamudio, 48170


Phone: 34 902 734 949


Gamesa Corporacion Tecnologica, S.A. engages in the design, manufacture, and supply of technological products primarily in the renewable energy sector. The company has two activities: aeronautics and renewable energy sources, with the company’s various firms being distributed between these two core businesses. The business related to renewable energy sources, wind power, is organized around the following: development, construction and sale of wind farms; engineering, design, manufacture and sale of wind turbines; and provision of specialist services. The aeronautics business includes involvement in different programs in the construction of aeronautical structures, the development of design engineering, for both internal and thirdparty development, and the production of parts with composite materials. The company has operations primarily in Greece, France, Spain, Portugal, Italy, the United Kingdom, Sweden, Poland, Germany, the United States, Australia, Mexico, Brazil, Dominican Republic, Ireland, the People’s Republic of China, Morocco, India, Egypt, Hungary, Poland, and Japan. Gamesa Aeronautica Gamesa Aeronautica operates as the end supplier of aircraft components and works in the following areas: design and engineering of the assemblies for aeronautical structures, equipped with their corresponding systems; manufacture of integrated structures for aircraft; design and production of interiors for aircraft; engineering services; product support activities for airlines regarding the components and products designed by Gamesa Aeronautica; manufacture and assembly of structural components: carbon fiber, glass fiber and Kevlar; machining of light alloy components for large interim structures, measuring up to 3 meters; composite structures; and processing and finishing of detail structures. Gamesa Energia Gamesa Energía has continued to develop and construct wind farms in Spain, accounting for a share of around 15% in the country’s overall development market. It has also increased its presence in foreign markets, where it has already consolidated its position, focusing its business on the main areas deemed to be strategic for the company: European Union, United States, China, Australia and Latin America. Customers: The Company's customers include Iberdrolac, Babcock & Brown, Electrabel, Endesa, and Viridis. Gamesa Servicios Gamesa Servicios Avanzados, through its companies Gamesa Energía Servicios, Siemsa, Gamesa Solar, Setylsa and Gamesa Servicios Internacional. Gamesa Energía Servicios participated in construction of wind farms for Gamesa Eólica and other developers, both in Spain and abroad, with installations fully completed and delivered in Italy, Portugal, Germany, United Kingdom and Ireland, and others under construction in Egypt, Morocco, Poland and Hungary, with an aggregate contribution of approximately 4,200 MW and 5,300 wind turbines. Gamesa Eolica Gamesa Eolica engages in the design, manufacture, sale, and installation of wind turbines. Gamesa Eolica confirmed its increasing internationalization with major achievements, including installation of the first wind farms with its own wind turbines in the United States, Italy and Japan, continued supply of wind turbines in Italy and China, and the new contracts for installing the first wind farms in Germany, Portugal, Egypt and Korea, with a combined equivalent capacity of 462.5 MW. Customers: Gamesa Eolica's customers include Moncada, Eurus, Sinae, Gamesa Energía, and Iberdrola. History Gamesa Corporacion Tecnologica SA was incorporated in 1976. The company was formerly known as Grupo Auxiliar Metalurgico, S.A. and changed its name to Gamesa Corporacion Tecnologica, S.A. in 2002.


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Valuation GAM Industry Range
Price/Earnings 26.3x
Price/Sales 1.3x
Price/Book 3.2x
Price/Cash Flow 17.8x
TEV/Sales 1.0x

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