Mitsui O.S.K. Lines (MOL) and Hokutaku have agreed to form a capital alliance through MOL’s acquisition of a majority of Hokutaku’s outstanding shares.
Hokutaku has maintained a customer base in the wind power industry since 1999 and serves about 80% of the approximately 2,600 wind turbines in Japan. The company is also focusing on the development of maintenance technical engineers using its own wind power generation plants for training and experimental studies.
MOL began discussions with Hokutaku in 2017 and aims to combine Hokutaku’s experience and network in power generation maintenance with the MOL Group’s operational experience in social infrastructure business, including ocean transport, to become a partner of choice, says the company.