Vestas buys US analytics firm for USD 100 million

Danish wind turbine manufacturer Vestas will acquire energy analytics company Utopus Insights for USD 100 million.

Photo: Frank Boutrup Schmidt/Vestas

Wind turbine manufacturer Vestas will pay USD 100 million for Utopus Insights, an energy analytics and digital solutions company, reports the manufacturer in a press release.

The acquisition price is for the company on a debt and cash free basis, and will be paid in cash out of readily available sources, reads the press release. The acquisition is part of an attempt to expand Vestas' product portfolio within digital solutions, which provide predictability, increased production and more effective operations to customers.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs