# Sumitomo Corporation invests in EEW Offshore Wind Holding

Sumitomo Corporation will invest capital in the newly-formed EEW Offshore Wind Holding, a subsidiary of EEW Group that bundles monopile production and mechanical engineering activities. The transaction has commercial effect from 1 July 2024.

- Type: Partnership
- Announced: 2023-08-08
- Where: Rostock, Siegen, Germany
- Status: announced
- Products: steel pipes for offshore wind applications, monopiles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [EEW Group](https://endata.com/companies/2879.md)
- [Sumitomo Corporation](https://endata.com/companies/6281.md) (investor)

## Sources

- [chambers.com](https://chambers.com/articles/hengeler-mueller-advises-eew-group-on-partnership-with-sumitomo-corporation-with-equity-investment), 2023-08-08: "Sumitomo Corporation, one of the largest integrated trading and investment companies in the world, will invest capital in the newly-formed EEW Offshore Wind Holding with commercial effect from 1 July 2024."

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