# Mitsubishi Heavy Industries buys 2.5% stake in Vestas

Vestas and Mitsubishi Heavy Industries closed an agreement where Vestas acquired MHI's shares in the MHI Vestas Offshore Wind joint venture, and MHI acquired a 2.5% stake in Vestas. The integration completes by February 1, 2021.

- Type: Acquisition
- Announced: 2020-12-14
- Where: Denmark
- Status: completed
- Products: wind turbines, offshore wind turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Vestas](https://endata.com/companies/1364.md) (target)

## Sources

- [greentechlead.com](https://greentechlead.com/wind/mitsubishi-buys-2-5-stake-in-vestas-as-part-of-offshore-wind-deal-36773), 2020-12-14: "Vestas and Mitsubishi Heavy Industries (MHI) have closed the agreement to expand their partnership in sustainable energy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.