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Vestas sells its machining and casting units

Vestas has sold its two machining units and four casting units, including around 1,000 employees in Norway, Sweden, Germany, China and Denmark, to German industrial group VTC Partners GmbH.

VTC is the owner of the Silbitz Group, a German-based casting group with an existing supplier relationship with Vestas.

Vestas says that it wants to increase the flexibility of its supply chain and secure a buyer that will ensure supply at the required quality and offer competitive prices for casted components going forward. The sale also confirms Vestas’ strategy to further concentrate on the core competences of its business.

“The divestment of our machining and casting units is part of the plan to improve our capacity utilisation and to become a more asset-light and scalable company,” said Jean-Marc Lechêne, executive vice president and COO of Vestas Wind Systems. “In outsourcing our machining and casting units, it was important to take the time to find the right partner in order for both parties to benefit from the industrial synergies. VTC will continue to operate with the same high Vestas standards in relation to quality, reliability and safety and I am pleased to say that we consider VTC to be the right partner in all these aspects.”

It is expected that the sale will lower Vestas’ costs for casted components by around €30 million over the next two years. 

 

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