Vestas has completed the sale of its converters and controls business to KK Wind Solutions, transferring three converters and controls factories.
The deal covers three sites in Denmark, India and China and includes 600 of Vestas’ staff, which will join KK.
As part of the partnership between Vestas and KK, KK will exclusively supply converters and control panels to Vestas, and the partnership will further advance with co-development of all future Vestas converters.
KK Wind Solutions and Vestas have agreed on several transactional service agreements to ensure business continuity, knowledge transfer and stable operations throughout the integration period.
“I’m very excited about the next chapter of our partnership with KK Wind Solutions, and I look forward to growing and maturing the wind energy supply chain together. I would also like to extend my deepest appreciation to our dedicated and skilled colleagues, who will join KK.
“You have done an outstanding job, and I know you will continue doing so together with your new colleagues at KK,” said Tommy Rahbek Nielsen, Executive Vice-president and COO at Vestas.
“Our people are our most important and valuable asset. Their expertise and dedication are vital in accelerating the green energy transition, and we are excited to welcome our new colleagues whose skills and know-how will help us further develop the industry’s supply chain,” said Mauricio Quintana, CEO at KK Wind Solutions.