AP Møller Holdings sets to acquire KK Group from Solix Group
A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk acquires Danish wind turbine supplier KK Group in a first step into the renewable energy industry.
A.P. Moller Holding is the parent company of the A.P. Moller Group, which was established in 1904 by Arnold Peter Møller. Presently, the Group consists of private and public companies within transportation, logistics, infrastructure, energy, and financial services. A.P. Moller Holding is owned by the A.P. Moller Foundation, which was set up by the founding family. The A.P. Moller Group reported a 2018 revenue of US$40 billion with consolidated assets of US$62 billion. The purpose of A.P. Moller Holding is to invest in and develop ‘nyttig virksomhed’, i.e. companies having a positive impact on society.
The acquisition, which needs approval from the Danish and German competition authorities, is expected to be completed in the third quarter of 2019.
The transaction details were not disclosed.
Country updates
-
-
July 12, 2019
Vestas to repower the 58 MW of Overgaard 1 wind farm
Vestas has received a 58 MW repowering order for the first phase of the 94 MW Overgaard 1 wind farm in Randers Municipality in Denmark. The order is placed by SE Blue Renewables, a joint venture betwe...
Read more -
July 03, 2019
SUSI Partners completes purchase of four wind farms in Denmark
Swiss fund manager SUSI Partners, through its SUSI Renewable Energy Fund II, has completed the purchase of four wind farms in Denmark with a combined capacity of 90 MW. The projects involv...
Read more -
June 05, 2019
CIP’s New Markets Fund I for renewable energy infrastructure reaches US$700m in first close
Copenhagen Infrastructure Partners (CIP) has established a new fund, Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I), which will invest in renewable energy infrastructure targeting fast-gr...
Read more -
May 10, 2019
Danish Energy Agency approves Noreco’s acquisition of Shell’s Danish upstream assets
Norwegian Energy Company ASA (Noreco) has announced that Danish Energy Agency has granted its approval for Noreco’s acquisition of Shell’s Danish upstream assets from Royal Dutch Shel...
Read more -
May 02, 2019
Eurowind selects Siemens Gamesa turbines to power up 77 MW wind project in Denmark
Siemens Gamesa has signed an order with Eurowind Energy for Thorup-Sletten, the largest onshore windfarm in Denmark to date. The 18 onshore turbines will have a total capacity of 77 MW and an electric...
Read more
