The origin of Vestas is in a family-owned blacksmith shop started in 1898 by Hand Smith Hansen. The company itself was established in 1945 by his son Peder Hansen. The company began by manufacturing household appliances but soon moved to manufacturing agricultural equipment, and later industrial equipment such as intercoolers, hydraulic cranes and finally wind turbines. Since 1989, it has exclusively concentrated on the manufacture of wind turbines for electricity generation.
Vestas operates in twenty-four countries with an employee-strength of over 21000. It has an installed capacity of around 92 GW in over 79 countries. The company has completed various M&A initiatives, a recent and significant one being a joint-venture with Mitsubishi Heavy Industries (MHI) to manufacture and sell offshore wind turbines. Vestas’ revenues for 2018 is set to exceed Euro 10 billion.
We take a closer look at the patent assets held by Vestas in our report, restricting the study to those currently in force. The report presents technology trends related to Vestas’ patent portfolio. It includes a portfolio taxonomy and provides insights into various aspects of the overall portfolio.
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Relecura’s forte is its flexibility and adaptability to address specific problems and close-fitting solutions. The basic problem is that innovators are often not able to identify the industrial and commercial significance of their innovation as due diligence takes long days of analyses necessitating a deviation from their regular and familiar activities. And it is a tedious iteration process. The latest custom AI capabilities help you assess the commercial value of innovation and technical due diligence can be automated to yield meaningful and immediate results. The repetitive tasks could be automated, and your time and energy could be devoted to strategic missions.
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‘Relecura platform is fueled by the latest technologies and the tools that the platform hosts make our inhouse innovation management smooth and accurate, in addition to being synchronized with the global technology frontline,’
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