M&A Deal Summary

Vestas Acquires Utopus Insights

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2018-02-02
Target Utopus Insights
Sector Software
Buyer(s) Vestas
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Utopus Insights

Valhalla, New York, United States
website
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(S) 1

Buyer

Vestas

Aarhus, Denmark

website


Category Company
Founded 1898
Sector Electrical Equipment
Employees29,081
Revenue 14.8B EUR (2020)
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 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