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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 invests in Tenderd

Tenderd is a global leader in digital transformation for heavy equipment management and operations.

Chetan Mehta, Head of Growth Equity at A.P. Moller Holding, said: “Tenderd is a leader within telematics solutions with a platform that offers real-time visibility and insights for heavy equipment across a range of industries. Their solutions enhance operational efficiencies, improve safety and mitigate carbon emissions. We are excited to be investing in Tenderd and we look forward to contributing to their continued growth.”

Novo Holdings and A.P. Moller Holding back CIRCTEC, a leader in pyrolysis for sustainable end-of-life tyre recycling, in a €150 million financing round

Novo Holdings and A.P. Moller Holding have enabled a €150 million fundraise for CIRCTEC by leading with a €75 million equity investment. Financing includes €22.5 million of grants awarded by the Government of the Netherlands.

Svitzer joins the A.P. Moller Group

We are happy to welcome Svitzer as a stand-alone company to the A.P. Moller Group.