A.P. Møller Holding A/S (A.P. Moller Holding), the parent company of the A.P. Moller Group, has signed an agreement to acquire Nissens Cooling Solutions, a leading provider of cooling systems and solutions from K. Nissen International A/S (Nissens), controlled by Danish private equity, Axcel.

Nissens Cooling Solutions (NCS) is a global market leading supplier of customised cooling solutions for industrial applications, including wind turbines and off-highway vehicles. NCS is today one of two separate divisions of Nissens and as part of this transaction, NCS will become a separate standalone company fully owned by A.P. Moller Holding.

As an important part of basing global energy production and consumption on renewable energy, societies will become more electrified. Electricity’s share of total global power consumption has over the last years increased significantly and by 2050, we see electrification reach 30% or more of global power consumption.

NCS serves a global and expanding customer base and has about 1,000 employees working from its sites across Denmark, China, Czech Republic and Slovakia. NCS provides all steps from technology, design, testing to scale manufacturing of cooling solutions integrated into primarily wind turbines and other industrial end-markets.

The transaction is subject to approval by the relevant competition authorities and is expected to close in the second half of 2021.

For further information please contact Mika Bildsøe Lassen, Head of Branding and Corporate Communications, mika.lassen@apmoller.com or +45 2055 2655

Established in 1921, Nissens Cooling Solutions has decades of experience with the design and manufacturing of customised cooling solutions for industrial applications and for on- and offshore applications in the wind turbine industry.

Nissens Cooling Solutions is a market leading manufacturer of cooling components, cooling systems and cooling modules, and a preferred supplier to the world’s leading OEMs in a large variety of industry segments with more than 1,000 employees working from sites across Denmark, China, Czech Republic and Slovakia.