KK Wind Solutions A/S signed an agreement to acquire converters and controls business of Vestas Wind Systems A/S on August 10, 2022. The transaction includes three converter and control panels factories located in Hammel (DK), Oragadam (IN) and Tianjin (CN). In addition, Vestas and KK Wind Solutions have agreed to jointly develop converters with both companies’ engineering teams fully dedicated to the partnership.

In total, over 600 experienced and skilled employees will be joining KK Wind Solutions, after closing. The transaction is subject to approval by the relevant regulatory and anti-trust authorities and is expected to close in the first quarter of 2023. Kartick Maheshwari, Vidushi Gupta, Vinita Krishnan, Mayank Jain, Harsh Parikh and Anshul Prakash of Khaitan & Co.

acted as legal advisor to Vestas Wind Systems A/S (CPSE:VWS). Danske Bank A/S (CPSE:DANSKE) acted as financial advisor to KK Wind Solutions A/S.