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Mitsui takes minority stake in WETech
Japanese general trading company Mitsui & Co., Ltd (Mitsui) has acquired a minority stake in Finnish energy efficiency solution provider WE Tech Solutions (WE Tech).
The investment was marked by a ceremony held in Vaasa in Finland on 1 September 2023. The agreement will make Mitsui a significant minority shareholder in WE Tech. Under the terms of a separate agreement, Mitsui has also been appointed as an exclusive agent for WE Tech’s solutions in the Japanese market.
WE Tech specialises in supplying solutions based on DC-link power distribution, variable speed power generation, energy storage and energy management systems.
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