Vestas acquires MHI's shares in MHI Vestas Offshore Wind joint venture

Vestas closed the agreement to acquire Mitsubishi Heavy Industries' shares in the MHI Vestas Offshore Wind joint venture, while MHI acquired 2.5% of Vestas and a board seat. The integration is expected to complete by February 1, 2021.

“Vestas and Mitsubishi Heavy Industries, Ltd. (MHI) have closed the agreement to expand their partnership in sustainable energy.”gulfoilandgas.com

• 2 sources
• gulfoilandgas.comVestas & Mitsubishi Heavy Industries Close Partnership Agreement - Mergers and AcquisitionsDec 14, 2020
• vestas.comVestas and Mitsubishi Heavy Industries close partnership agreement, and senior leaders from joint venture take on new roles in VestasDec 14, 2020

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