A.P. Moller Holding seeks to invest in and build strong, scalable platforms within areas that are supported by long-term mega trends. The overarching objective with our acquisition of KK Wind Solutions in 2019 has, therefore, been to consolidate and strengthen KK Wind Solutions position as a prominent global supplier within the wind industry; actively contributing to the industry’s ongoing maturation. At the time of the acquisition, KK Wind Solutions primarily operated in Europe and had annual sales of app DKK 2 billion. Since then, KK Wind Solutions have become truly global and strategically expanded its portfolio and footprint organically and through acquisitions such that it will have app DKK 7 billon of annual sales post the acquisition of Nissens Cooling Solutions. This latest addition also allows KK Wind Solutions to integrate cooling solutions with power conversion systems and thereby streamlinee and simplify the offerings for its customers.

Jan T. Nielsen, Chief Investment Officer at A.P. Moller Holding: “In the coming years, installations of new renewable energy assets will increase significantly and from A.P. Moller Holding’s perspective, we want to ensure that KK Wind Solution has the size, footprint, and competitive offerings to meet the demand and be an enabler of the growth. We have been laying the foundation that strategically positions KK Wind Solutions to navigate the green energy transition’s commercial and operational demands and it is today among the largest independent platforms servicing the wind turbine manufacturers.”