First of all in components you have
$$\vec{v} \cdot \vec{\nabla} =v^j \partial_j$$
So applied to a vector field it's
$$[(\vec{v} \cdot \vec{\nabla}) \vec{B}]^k = v^j \partial_j B^k,$$
which is different from
$$[\vec{v} (\vec{\nabla} \cdot \vec{B})]^k=v^k \partial_j B^j,$$
which vanishes because of ##\vec{\nabla} \cdot \vec{B}=0##.
The derivation on Wikipedia concerning the Galilei transformation of em. fields is, naturally, pretty mediocre. The correct derivation would be to take limits ##c \rightarrow \infty## of the Lorentz transformations. What they seem to do is the following: For the spacetime coordinates you have
$$t \rightarrow t'=t, \quad \vec{x} \rightarrow \vec{x}'=\vec{x}-\vec{v} t.$$
Then one simply assumes that the magnetic field is a scalar field under Galileo transformations, i.e.,
$$\vec{B}'(t',\vec{x}')=\vec{B}(t,\vec{x})=\vec{B}(t',\vec{x}'+\vec{v} t').$$
Next they assume that Faraday's Law holds in the ##(t',\vec{x}')## reference frame, i.e., (in SI units)
$$\vec{\nabla}' \times \vec{E}'=-\partial_{t'} \vec{B}'.$$
Now according to the above transformation law you have via the chain rule (for a time-independent ##\vec{B}## field in the unprimed frame)
$$\partial_{t'} \vec{B}'(t',\vec{x}')=(\vec{v} \cdot \vec{\nabla}) \vec{B}(t',\vec{x}'+\vec{v} t').$$
Now you have
$$[\vec{\nabla} \times (\vec{B} \times \vec{v})]_k=\epsilon_{kij} \partial_i \epsilon_{jlm} B_l v_m = (\delta_{kl}\delta_{im}-\delta_{km} \delta_{il}) v_m \partial_i B_l =v_m \partial_m \partial_i B_k-v_k \partial_i B_i = [(\vec{v} \cdot \vec{\nabla}) \vec{B}]_k.$$
So you can write Faraday's Law of induction as
$$\vec{\nabla}' \times \vec{E}'=-\vec{\nabla}' \times (\vec{B}' \times \vec{v}).$$
Now just ignoring a possible gradient term they conclude
$$\vec{E}'=-\vec{B} \times \vec{v}=\vec{v} \times \vec{B}.$$
As you see, it's not really convincing since there are many ad-hoc assumptions and inaccuracies going into the "derivation".
As we know nowadays, the true problem is that Maxwell's theory is a relativistic field theory and thus not compatible with the Galileo transformations. The solution of these problems is special relativity, and indeed, as cited in the Wikipedia article, that's how Einstein came to discover it as a solution of the inconsistency between Galileo spacetime structure and Maxwell electromagnetics.