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

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.