Vestas eyeing major Chinese acquisition

The wind turbine manufacturer has secret plans to put its money to work and conquer the Chinese market from within.
Photo: Vestas, PR
Photo: Vestas, PR

While Vestas' top management insists that the Danish wind turbine manufacturer will primarily grow on its own service, it is secretly probing to gain a solid foothold in the world's largest wind power market by entirely or partly taking over United Power, one of China's largest wind turbine manufacturers.

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