The group lens — proving the thesis deal by deal, and surfacing the integration drag that holds margin back.
The group thesis is working — +$302.69M of EBITDA captured and 74% of synergy banked — but 4 in-flight businesses ($2080.88M revenue) still hold margin back. Finish their cutover to close the gap to 100% synergy, the highest-return work in the company.
4 of 4 headline metrics improving vs prior · still off target: Synergy Realized 67.0% vs 70.0%, EBITDA Margin 4.2% vs 6.0%, Days Sales Outstanding 62d vs 55d
Avg synergy is only 74% of plan banked; the unrealized balance is EBITDA already underwritten but not yet captured.
Siemens Gamesa France is the weakest cohort on synergy capture; a 90-day savings plan on the gap is unrealized EBITDA.
Move to credit hold pending paydown; reforecast ARR net of likely churn.
Distress filings + overdue AR; churn risk High on $6.4M account.
Gates the cohort cutover (and the exit).
Siemens Gamesa Renewable Energy, S.A. is built by acquisition. This view shows, for each business bought, what we paid for vs what it earns now — and flags the ones still mid-integration where ~+$21M of profit, faster cash and lower churn are still on the table.
Finishing the 4 in-flight businesses (SGRE Battery Solution, Digital Ventures Labs, Siemens Gamesa India, Siemens Gamesa France) closes the gap to 100% — the single highest-return work in the company.
Each card: what changed since purchase, how far integration has gone, and the next move.
Each cohort ranked within the set on five KPIs (direction per metric), then a composite Overall Rank from summed rank points — the dashboard's RANKX leaderboard. Top & bottom highlighted.
| Overall | Unit | Revenue↑ better | EBITDA %↑ better | ARR↑ better | Synergy %↑ better | DSO gain↑ better | Rank pts |
|---|---|---|---|---|---|---|---|
| 1 | SG 14-222 DD | $1211M#1 | 202%#1 | $656M#1 | 88%#3 | 12d#2 | 8 |
| 2 | Hermes Digital Diagnostics | $429M#5 | 177%#2 | $151M#5 | 92%#1 | 13d#1 | 14 |
| 3 | SGRE Battery Solution | $731M#2 | 164%#3 | $240M#2 | 74%#5 | 9d#5 | 17 |
| 4 | RecyclableBlade | $277M#7 | 164%#3 | $101M#7 | 90%#2 | 12d#2 | 21 |
| 4 | Siemens Gamesa India | $467M#4 | 151%#5 | $164M#4 | 78%#4 | 11d#4 | 21 |
| 6 | Digital Ventures Labs | $517M#3 | 139%#6 | $177M#3 | 55%#6 | 6d#6 | 24 |
| 7 | Siemens Gamesa France | $366M#6 | 114%#7 | $114M#6 | 40%#7 | 3d#7 | 33 |
Higher EBITDA %, revenue, ARR and synergy rank better; DSO gain = days of receivables improvement since acquisition (more = better). Composite rank points are the sum of the five per-KPI ranks (lower = better).
As-acquired → current across EBITDA, DSO, integration and synergy.
| Brand | Yr | Revenue | ARR | EBITDA % | DSO | Integrated | Synergy | Status |
|---|---|---|---|---|---|---|---|---|
| Hermes Digital Diagnostics | 2021 | $428.79M | $151.34M | 113.5→176.56 | 71→58d | 100% | 92% | Integrated |
| RecyclableBlade | 2021 | $277.45M | $100.89M | 100.89→163.95 | 66→54d | 100% | 90% | Integrated |
| SG 14-222 DD | 2022 | $1210.7M | $655.8M | 138.73→201.78 | 68→56d | 95% | 88% | Integrated |
| SGRE Battery Solution | 2023 | $731.46M | $239.62M | 126.11→163.95 | 70→61d | 82% | 74% | In progress |
| Digital Ventures Labs | 2024 | $517.07M | $176.56M | 113.5→138.73 | 73→67d | 60% | 55% | In progress |
| Siemens Gamesa India | 2024 | $466.62M | $163.95M | 113.5→151.34 | 71→60d | 80% | 78% | In progress |
| Siemens Gamesa France | 2024 | $365.73M | $113.5M | 100.89→113.5 | 69→66d | 45% | 40% | Early |