The European Commission (EC) gave the green light for the 45% EEW Offshore Wind EU acquisition by the Japanese trader Sumitomo Corporation. This transaction primarily involves manufacturing large steel tubes to construct offshore wind farms. The Commission decided the transaction would not raise competition concerns due to its limited impact on market structure.
Under the agreement, EEW Holding will retain a 55% ownership stake in EEW Offshore Wind EU, while Sumitomo will hold a 45% interest in the company.
When the announcement was made in August 2024, Christopher Schorge, Managing Partner of the EEW Group, stated that to maintain the Group’s position as a global market leader, foster healthy growth, and secure sufficient resources for managing large-scale projects, the owner families of Schorge and Dietze, have decided to bring a trusted strategic partner on board for this division. “The majority of shares will remain with us as the owner families,” he highlighted.
EEW Offshore Wind Holding is one of three new holding companies established by the EEW Group to streamline its operations. The company combines the monopile business with its Rostock (EEW SPC) production site and the associated mechanical engineering activities. EEW SPC supplies monopiles for various offshore wind projects worldwide, including the US-based 2.6 GW Coastal Virginia Offshore Wind (CVOW) project.
