M&A Deal Summary

Vestas Acquires UpWind Solutions

On December 7, 2015, Vestas acquired renewable energy company UpWind Solutions for 60M USD

Acquisition Highlights
  • This is Vestas’ 1st transaction in the Renewable Energy sector.
  • This is Vestas’ 3rd largest (disclosed) transaction.
  • This is Vestas’ 1st transaction in the United States.
  • This is Vestas’ 1st transaction in California.

M&A Deal Summary
Date 2015-12-07
Target UpWind Solutions
Sector Renewable Energy
Buyer(s) Vestas
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

UpWind Solutions

San Diego, California, United States
UpWind Solutions, Inc. is a provider of wind turbines operations and maintenance services to wind farms.

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Buyer(S) 1

Buyer

Vestas

Aarhus, Denmark
Category Company
Founded 1898
Sector Electrical Equipment
Employees32,298
Revenue 15.4B EUR (2023)
DESCRIPTION

Vestas is a manufacturer and marketer of wind power systems that use wind energy to generate electricity. Vestas was founded in 1898 and is based in Aarhus, Denmark.

DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 Availon

Rheine, Germany

Availon GmbH is a provider of a full range of operations and maintenance services for wind park operators.

Buy €88M
Mergr

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