.
MergerLinks Header Logo

New Deal


Announced

Completed

Vestas Wind Systems completed the acquisition of the remaining stake in MHI Vestas Offshore Wind from Mitsubishi Heavy Industries for €709m.

Financials

Edit Data
Transaction Value£641m
Consideration TypeOrdinary Shares
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

offshore wind farm

Domestic

Majority

Private

Acquisition

Friendly

Renewable Energy Equipment

Denmark

Single Bidder

Completed

Synopsis

Edit

Vestas Wind Systems, a Danish manufacturer, seller, installer, and servicer of wind turbines, completed the acquisition of the remaining stake in MHI Vestas Offshore Wind, its joint venture with Mitsubishi Heavy Industries, a Japanese multinational engineering, electrical equipment and electronics company, for €709m. “The immediate priority for us will be to integrate offshore into our operating model, which together with a leading offshore product platform and continued focus on execution will enable us lead the industry overall and accelerate the energy transition,” Henrik Andersen, Vestas Group President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US