Sumitomo Corp. has invested in, and reached a business operation participation agreement with, Germany-based monopile manufacturer EEW Offshore Wind EU Holding.
The deal is expected to be completed by the end of this year.
Sumitomo says EEW’s strength is in its mass production system, enabled by the ability to bend steel plates over 100 mm thick, along with welding technology.
The companies have been doing business with each other since the 2000s.
