31/01/2014 (Agence Europe) - Mergers: Vestas/MHI. On 31 January, the European Commission gave the go-ahead to the creation of a joint venture by Vestas Wind Systems A/S of Denmark and Mitsubishi Heavy Industries, Ltd. of Japan. Vestas is active in the manufacturing, supply and servicing of wind turbine generators, both onshore and offshore. MHI is engaged in the businesses of shipbuilding and ocean development, power systems, nuclear energy systems, machinery and steel infrastructure systems, aerospace systems, and medium-volume mass production items. The joint venture will be active in the supply of offshore wind turbines. The Commission concluded that the proposed acquisition would not raise competition concerns, in particular because there are only minimal overlaps between the activities carried out by the parties. The transaction was examined under the simplified merger review procedure. (FG/transl.fl)