Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines that was founded in 1945.

 
 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
0
Glob.Revenue, mln.USD
16646
Staff(RF), 2021
441
Capital(RF), mln.USD
25
Assets(RF), mln.USD
25
Taxes(RF), mln.USD
3
The Company Statement
April 18, 2024

Continued operations but no new contracts. Fully withdrawn from Russia. Vestas CEO sees continued challenges as wind giant posts another loss. Russian company is in the process of liquidation. 04.2024: The legal entity LLC "VESTAS MANUFACTURING RUS" was liquidated on April 18, 2024.

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Statements Archive
October 11, 2024Vestas and Fortum settle dispute over Russian wind projects
June 27, 2024The property of equipment manufacturer Vestas, which left the Russian Federation, did not find buyers
August 09, 2023Vestas CEO sees continued challenges as wind giant posts another loss
July 31, 2023The departure of Vestas from Russia turned into courts and a criminal case
April 12, 2023Fortum chases $218 million from Vestas over Russia wind project
June 14, 2022The world's largest wind turbine manufacturer is terminating a special investment contract with Russia
April 06, 2022The world's largest manufacturer of wind turbines comes from the Russian Federation
April 06, 2022Vestas to withdraw from Russian market over Ukraine invasion
April 05, 2022Vestas withdraws from the Russian market
March 07, 2022Vestas puts Russia projects on hold
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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