EnergyWatch

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.

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