Typhoon Offshore B.V. and Korwind GMBH have reached an agreement for Korwind to acquire a substantial minority share in Typhoon Offshore.
In Europe, Korwind serves as a representative of South Korean industrial firms looking to gain a leading position in the international offshore wind industry, including firms as Daewoo Construction, Hankook Machine Tools, Hyosung, Hyundai Heavy Industry, Kepko, Korean Register, LS Cabling, Samsung and SPP. With this move, Typhoon Offshore is serving as a link between Europe's offshore wind industry and the Korean industry.