Sumitomo acquires equity stake in EEW Offshore Wind [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
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Source: Yahoo! Finance
This strategic partnership brings together Sumitomo's extensive expertise in the international steel market with EEW's specialised focus on offshore wind energy infrastructure. Sumitomo Corporation steel products SBU [secondary building units] general manager Takuro Horikoshi stated: “We are excited to partner with EEW, enhancing our role in the offshore wind market. “This investment aligns with our commitment to contributing to green transformation and global shift to renewable energy.” EEW Offshore Wind Holding, a German family-run business, has been restructured into three new holding companies to better organise its group activities according to business segments. The monopile production at Rostock (EEW SPC) and the associated mechanical engineering activities at AWS Schäfer in Siegen, Germany, are now under the umbrella of EEW Offshore Wind Holding. The newly established EEW Management Services will absorb the services previously offered by EEW Holding, aligning with t
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