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.”
News from the A.P. Moller Group
A.P. Moller Holding announces the acquisition of Ocean Yield from KKR
A.P. Moller Holding and KKR, a leading global investment firm, today announced that they have signed an agreement under which a subsidiary of A.P. Moller Holding will acquire 100% of Ocean Yield AS (Ocean Yield), a leading global ship leasing platform, from funds managed by KKR.