Vestas to acquire MHI's 50% stake in offshore wind JV for US$832 million

Vestas Wind Systems will acquire Mitsubishi Heavy Industries' 50% stake in their offshore wind joint venture MHI Vestas Offshore Wind in an all-share deal valued at US$832 million, integrating the offshore business into Vestas.

“The US$832 million deal for Mitsubishi Heavy Industries' 50 per cent share in the partnership will integrate the offshore business into Vestas's much bigger onshore wind operation.”businesstimes.com.sg

• 7 sources
• businesstimes.com.sgVestas to take on offshore wind with US$832m deal - The Business TimesOct 29, 2020
• windtech-international.comWindtech International - Vestas to acquire offshore business in joint ventureOct 29, 2020
• gcaptain.comWorld’s Top Wind Turbine Maker Ups the Stakes in Offshore RaceBloombergOct 29, 2020
• vestas.comVestas to acquire offshore business in joint ventureOct 29, 2020
• power-technology.comVestas to acquire MHI’s entire stake in offshore wind JV for $827mUmesh EllichipuramOct 30, 2020

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