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Vestas acquires UpWind Solutions

UNITED STATES: Manufacturer Vestas has acquired project service provider UpWind Solutions in a $60 million deal.

UpWind Solutions is headquartered in San Diego, California, US
UpWind Solutions is headquartered in San Diego, California, US

UpWind Solutions supplies parts, blade inspection services and upgrades to projects in the US, according to Vestas. It services a portfolio of approximately 3GW across nine US states. The deal is completed on a "debt and cash free basis", the manufacturer said.

"North America is an important market for Vestas, and this acquisition will contribute to Vestas becoming the customers' preferred fleet-wide service partner," said Vestas' president of sales and service in the United States and Canada, Chris Brown.

The European-based manufacturer claims the acquisition will result in the combined companies servicing 17GW of turbines in the US and Canada.

In October, UpWind signed a strategic partnership agreement with service provider RomoWind to market Romo's iSpin wind measuring system in the US for the first time.

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