Add-on Acquisition • Software

Vestas Acquires Utopus Insights

On February 2, 2018, Vestas acquired software company Utopus Insights for 100M USD

Acquisition Context

This is Vestas’ 1st transaction in the Software sector.
This is Vestas’ largest (disclosed) transaction.
This is Vestas’ 2nd transaction in the United States.
This is Vestas’ 1st transaction in New York.

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M&A Deal Summary
Date	February 2, 2018
Target	Utopus Insights
Sector	Software
Buyer(s)	Vestas
Deal Type	Add-on Acquisition
Deal Value	100M USD

Target Company

Utopus Insights

Valhalla, New York, United States

Utopus Insights, Inc. is an energy analytics software company, that offers data science, software, utility operations, renewable and distributed energy resource expertise, and meteorology. Utopus Insights, Inc. is based in Valhalla, New York.

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Buyer Overview 1

Buyer

Vestas

Aarhus, Denmark

Category	Company
Founded	1898
Sector	Electrical Equipment
Employees	37,275
Revenue	17.3B EUR (2024)

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 Context for Buyer	#
Overall	3 of 3
Sector: Software	1 of 1
Type: Add-on Acquisition	3 of 3
State: New York	1 of 1
Country: United States	2 of 2
Year: 2018	1 of 1
Size (of disclosed)	1 of 3

PREVIOUS 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

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

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