10 August 2022
KK Wind Solutions to acquire Vestas' converter & controls business
The transaction will enable KK Wind Solutions to extend their global footprint and become the world’s leading converter manufacturer for wind
KK Wind Solutions has signed an agreement to acquire the converter & controls business from Vestas, including three converter and control panels factories located in Hammel (DK), Oragadam (IN) and Tianjin (CN).
“The renewable energy transition needs to accelerate in pace. For this to happen, the industry needs to mature faster and scale up significantly from where it is today. Vestas and KK Wind Solutions are today taking another important and brave step, and the two companies will jointly strengthen the wind energy supply chain. Through a strategic partnership, Vestas and KK Wind Solutions will drive and continue to take a leading role in maturing the wind industry and the much needed acceleration of the green transition.”
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Concentric joins the A.P. Moller Group
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