General – EC Approval
The EC has given the green light for EEW Holding and Sumitomo to acquire joint control of EEW Offshore Wind EU under the EU Merger Regulation.
This move involves the collaboration of two entities, one based in Germany and one in Japan, focusing on the production of large steel tubes essential for constructing offshore wind farms.
The Commission’s analysis concluded that the acquisition would not lead to competition concerns.
The decision was influenced by the assessment that the market structure would remain largely unaffected by this transaction.
In August last year, Sumitomo announced its plans to acquire an equity stake in EEW Offshore Wind EU to enhance its monopile manufacturing capabilities.
The partnership aimed to integrate Sumitomo’s extensive expertise in the international steel market with EEW’s specialised focus on offshore wind energy infrastructure.
