A.P Moller-Maersk to acquire Danish wind turbine supplier KK Group

Posted by Aktis Team on 10 July 2019

Danish shipping giant Maersk has announced the first step into the renewable energy industry with the acquisition of the Danish KK Group. KK Group's main activities are through KK Wind Solutions that provide electronic systems to wind turbine manufactures. The acquisition is expected to close in Q3 2019, conditional on the approval from Danish and German competition authorities.

Reuters, Nikolaj Skydsgaard and Emelia Sithole-Matarise, July 10th 2019

Topics: News Watch, Europe