Vestas Wind Systems Acquires UpWind Solutions for $60m - Deal Analysis from GlobalData

Summary

Vestas Wind Systems A/S (Vestas Wind Systems), a manufacturer of wind power equipment, has acquired UpWind Solutions, Inc. (UpWind Solutions), a provider of wind energy services, and its subsidiaries for a purchase consideration of EUR55m ($60m) on a debt- and cash-free basis. The purchase consideration will be paid in cash from readily available sources.

Scope

The deal analysis report details the following -
- Vestas's O&M strategy
- Overviews of the companies involved

Reasons to buy

- The deal analysis gives insights into the rationale behind the deal
- It helps understand Vestas's strategy for O&M services.
- It helps understand the services offered by UpWind Solutions.