Vestas sells converters and controls business

Wind energy specialist Vestas has formed an agreement with KK Wind Solutions (KK) for the acquisition of Vestas’ converters and controls business.

The business includes Vestas’ three converters and control panels factories in Denmark, India and China and around 600 Vestas employees.

As part of the agreement, KK will exclusively supply converters and control panels to Vestas from the three factories, and the companies will jointly develop new converters.

“Across our global supply chain footprint, we are increasingly collaborating with partners to scale efficiently and build on the foundations we have established,” said Tommy Rahbek Nielsen, executive vice president and COO at Vestas.

“We will be well-positioned to develop and deliver world-class sustainable energy solutions to top tier wind OEMs and expand further into adjacent industries, such as Power-to-X,” added Mauricio Quintana, CEO, KK Wind Solutions.

The transaction is expected to close in the first quarter of 2023.