1 March 2023
KK Wind Solutions' acquisition of Vestas' converter & controls business is complete
The acquisition makes KK Wind Solutions the world’s leading converter manufacturer to the wind industry
Vestas’ converter & controls business adds approx. 600 employees as well as three factories in Denmark, India, and China, bringing immediate scale to KK Wind Solutions’ operations, doubling their production capacity, and significantly growing the business.
News from the A.P. Moller Group
A.P. Moller Holding leads the $60 million Series C equity financing in Upway
Upway is a leading e-commerce platform for buying refurbished e-bikes, driving the transition to sustainable urban mobility.
“We are excited to support Upway on its journey to revolutionize the global market for refurbished e-bikes. Upway’s ability to industrialize second-hand e-bike refurbishment and deliver the highest level of customer trust globally truly sets them apart. Today’s investment also reflects our confidence in Upway’s sustainable and scalable business model that aligns with our commitment to sustainable, long-term growth,” said Chetan Mehta, Head of Growth Equity at A.P. Moller Holding.
A.P. Moller Holding’s purchase offer for Svitzer successfully completed
The recommended voluntary purchase offer for all issued shares in Svitzer Group, made through A.P. Moller Holdings subsidiary APMH Invest A/S on April 2, 2025, has been successfully completed.
A.P. Moller Holding announces recommended voluntary purchase offer for all issued shares in Svitzer
A.P. Moller Holding, the largest shareholder in Svitzer Group A/S (Svitzer) has, through its wholly owned subsidiary APMH Invest A/S, today announced a recommended voluntary purchase offer for all issued shares in Svitzer with the aim of taking the company private to better support its long-term ambitions.