Agreement to acquire offshore business in joint venture approved by competition authorities
Vestas Wind Systems A/S, Aarhus, 27 November 2020Company announcement no. 42/2020 Agreement to acquire offshore business in joint venture approved by competition authorities Recently Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries, Ltd. (MHI) announced an agreement to expand their partnership in sustainable energy. The strengthened partnership entails that Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, and MHI will acquire 2.5 percent in Vestas and be nominated to a seat in Vestas’ Board of Directors, ref. Company