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," says Jan T. Nielsen, CIO of A.P. Moller Holding and Chair of KK Wind Solutions.
A.P. Moller Holding, which holds approximately 42% of Maersk Drilling’s share capital and voting rights supports the combination of the two companies and will accept the exchange offer.
”A.P. Moller Holding is highly supportive of the combination of Maersk Drilling and Noble, which offers a compelling customer proposition, building on both companies’ extensive operational capabilities. Further, the combined company will hold a modern fleet, a financially strong balance sheet and operations with potential for significant synergies,” says Robert M. Uggla, CEO of A.P. Moller Holding.
Information about the exchange offer is available in both Danish and English language versions on Maersk Drilling’s website.
Massachusetts Maritime Academy is one of the finest maritime academies in the world. Approximately 385 graduates in seven Bachelor of Science programs and three Master of Science programs had their degrees conferred in the ceremony with more than 4,000 family members and friends attending. Click below to read the speech - note that the live version contained some ad-lib.
Photo: Bruce Skinner, Hyperion Photography, hyperionphoto.us
ZeroNorth's platform offers a range of software solutions supporting the global shipping industry with reducing emissions and their climate footprint, whilst improving their commercial performance. We, in A.P. Moller Holding, are grateful for continuing the partnership with Cargill and welcoming PSG Capital as co-investors in ZeroNorth.
While safety is key for all employees and companies in A.P. Moller Group throughout the year, many of our portfolio companies take the opportunity to emphasise the importance of safety today. They do it in different ways, but all with the same objective: to make every day a safe day.
Are you a digital native with an excellent sense of business and an eye for the detail? Are you motivated by working in a purpose driven company with a highly international environment? Do you thrive with a broad variety of communication tasks and a large degree of responsibility? Then we offer you a unique opportunity to combine your communications studies with hands-on experience. Deadline for application: 6 June 2022.
For A.P. Moller Holding, 2021 was a year of significant momentum for our long-term strategy of portfolio renewal. The acquisitions of Faerch and Nissens Cooling Solutions were completed, an agreement to acquire Unilabs was signed, and Innargi was established as a stand-alone company.
The year ended on a historic high note with revenue of DKK 408bn (USD 65bn), EBITDA of DKK 154bn (USD 25bn), a net result of DKK 119bn (USD 19bn), and consolidated assets of DKK 579bn (USD 88bn).
Do you dream of a career in Investment Banking, Consulting or Private Equity? Our investment team offers an international environment, continuous professional and personal development, and a unique opportunity to combine your studies with hands-on experience. Deadline for application: 29 April 2022.
The appointment marks a generational change in the company. Robert M. Uggla represents the founding family and will remain as CEO of A.P. Moller Holding.
Unilabs is a leading European diagnostic services provider focusing on laboratory testing, pathology and radiology.
“Unilabs offers a good fit with our Group’s purpose as we believe Unilabs offers an important solution to society’s healthcare challenges. Dedicated specialist knowledge, industrial scale and process excellence are critical success factors to becoming a trusted partner to healthcare providers,” says Jan T. Nielsen, CIO at A.P. Moller Holding
"I am very humbled to accept the nomination as Chair of the company. We initiated the restructuring and renewal of A.P. Moller - Maersk in 2016 and have come a long way on many fronts. I am grateful for Ane and Jim's contributions to the company and their personal support also in the future. I look forward to continuing A.P. Moller - Maersk's transformation in close cooperation with Marc Engel, the Board and management" says Robert M. Uggla.
“The A.P. Moller Group holds extensive historic experience of large-scale subsurface projects. A few years ago, we divested our oil related E&P activities. We founded Innargi to bring these competences into play for the benefit of the energy transition. We see great opportunities for Innargi to develop green district heating for Aarhus and millions of homes in other cities in Europe" says Robert M. Uggla, CEO of A.P. Møller Holding A/S.
"Today’s announcement is another big step forward in ZeroNorth’s mission to support and enable decarbonisation in the maritime value chain. Adding ClearLynx and their considerable expertise to our offering means that our customers will be able to make the most of a powerful trio of voyage, vessel and bunker optimisations that are linked and working in tandem" says Søren Meyer, CEO at ZeroNorth.
“Blue Ocean Robotics has developed several robot solutions that can automate and streamline critical and routine tasks, including in healthcare systems. We look forward to following and supporting the company on its interesting and thriving journey” says Jan Nielsen, CIO at A.P. Moller Holding.
PACCOR Group is the leading rigid dairy packaging player in Europe. The acquisition includes approximately 3,400 employees and 16 factories in Europe, Asia and the US, and the combination will create one of the world's leading rigid food packaging players with a combined footprint of 34 sites and 6,000 employees.
“Unilabs offers a good fit with our Group’s purpose and understanding for how to run local operations requiring a high degree of automation and local logistics across different geographies. We are deeply impressed with Unilabs’ expertise within testing, pathology, and radiology. We see the opportunity to grow the company’s operations to new markets, offering important and immediate solutions to countries having limited access to critical healthcare solutions, such as teleradiology services,” says Robert M. Uggla, CEO at A.P. Moller Holding.
Geothermal energy is the fourth major source of renewable energy along with wind, solar and hydro. Originating from the Earth’s interior it can be used for district heating as a green alternative to fossil fuels such as coal and gas. In Denmark, geothermal energy has the potential to heat 600,000 households.
Nissens Cooling Solutions is a global market leading supplier of customised cooling solutions for industrial applications, including wind turbines and off-highway vehicles.
Do you dream of a career in Human Resources? A.P. Møller Holding’s HR Team offers an international environment, continuous professional and personal development, and an original opportunity to combine your studies with hands-on experience. Deadline for application: 15 December 2021.
“In 2016, A.P. Moller Holding instigated the restructuring of A.P. Moller - Maersk and the renewal of the A.P. Moller Group. As part of such restructuring, Maersk Drilling was demerged from A.P. Moller - Maersk with the objective to establish an independent company with a capable, focused Board and to actively participate in the required consolidation of a distressed drilling industry. The combination of Maersk Drilling and Noble creates a drilling company with a stronger customer proposition building on the companies’ extensive operational capabilities. The combined company will hold an industry leading balance sheet, significant cost synergies, a modern fleet and access to an international shareholder base,” says Robert Uggla, CEO A.P. Moller Holding.
“Mauricio is an extremely capable industrial business leader with a strong customer focus and a knack for building high performing and committed teams. He has a global mindset, strong values and the right profile and personality to lead KK Group into a new era with continued geographical expansion and growth, particularly in Asia, and expanding KK Group’s position in the renewable value chain. Chlinton has done a tremendous job in growing the team and the company, and I am very pleased that A.P. Moller Holding can continue the collaboration with Chlinton in his capacity as advisor,” says Jan Nielsen, Chairman of the Board at KK Group and CIO at A.P. Moller Holding.
A.P. Moller Holding offers a unique opportunity to join our Legal department as Senior Legal Counsel focused on M&A and Capital Markets. You will be joining an ambitious and growing investment company, which at the same time is the holding company behind some of Denmark’s largest enterprises. Deadline for application: 26 October 2021.
A.P. Moller Holding offers an exciting and attractive student position in our Legal team within an international environment, continuous professional and personal development, and a unique opportunity to combine your studies with hands-on experience in the holding company behind some of Denmark’s largest enterprises. Deadline for application: 26 October 2021.
Do you dream of a career in Portfolio Management or Trading? A.P. Moller Holding has an exciting and attractive Analyst position opening in our Financial Investment team. We offer an international environment, continuous professional and personal development in the holding company behind some of Denmark’s largest enterprises. Deadline for application: 1 September 2021.
"This investment in Eranove fits well with our strategy for The Africa Infrastructure Fund, namely, to support sustainable development on the African continent. Supplying reliable and cost-effective energy with low carbon emissions, for corporations and households is a necessity for further development in the continent," concludes Jens Thomassen, Partner at A.P. Moller Capital.
Iv3 Aqua’s focus includes water treatment plants that purify water to make it usable as potable water for human consumption and domestic use and into process water for industrial and agricultural uses, as well as wastewater treatment and re-use.
In A.P. Moller Holding, we are proud that Faerch’s sustainable food packaging solutions also becomes available in the US. It is an important market and essential to contribute to the critical societal development of a circular waste system.
Nissens Cooling Solutions has decades of experience with the design and manufacturing of customised cooling solutions for industrial applications and for on- and offshore applications in the wind turbine industry. “Cooling solutions and Thermal management is fundamental to renewable energy. The more effectively cooling solutions operate, the more effectively we can produce and consume renewable electricity. In A.P. Moller Holding, we are committed to investing in the transition into renewable energy, and we therefore see Nissens Cooling Solutions, a global leading supplier of customised cooling solutions, as an important addition to our portfolio.” says Jan T. Nielsen, CIO at A.P. Moller Holding.
The Family Office supports and administers privately owned investment companies as well as private income and wealth statements. We solve tasks and carry out our work carefully and confidentially. As a Senior Accountant in the Family Office, you will be part of A.P. Moller Holding's accounting function and responsible for accounting and tax in a number of investment companies, etc. Deadline for application: 22 June 2021.
Many of our portfolio companies take this opportunity to emphasise the importance of safety. They do this in very different ways, but all with the same objective: to ensure a strong safety culture which is instrumental in creating a safe work environment.
Would you like to support our 60 colleagues from A.P. Moller Holding and the affiliated companies, we share an office with? We now offer an attractive student position, giving you exposure to all parts of the organisation, while applying your academic experience to real life challenges. Deadline for application: 30 April 2021.
Despite the significant impact of the COVID-19 pandemic, our Group delivered an improved consolidated EBITDA of DKK 57.4bn (USD 8.8bn) in 2020, compared to DKK 42.2bn (USD 6.3bn) in 2019. We thank our colleagues for their relentless efforts and contributions to support society during a very difficult year. We also welcome our new Group member, the Faerch Group, which is developing sustainable food packaging as part of a circular economy.
We have appointed a new Board of Directors, which we are proud to welcome. Together with management, they will drive the industry’s transition towards sustainable packaging solutions and a more circular economy.
Are you a talented and service minded IT student? We offer an exciting and attractive IT Student Assistant position within an international environment, continuous professional and personal development and a unique opportunity to combine your studies with hands on experience in the Holding Company behind some of Denmark’s largest enterprises. Deadline for application: 31 March 2021.
Do you have the desire and skills to work with a wide range of national and international tax assignments? Our tax team offers an exciting opportunity within an international environment, continuous challenges, and plenty of development opportunities. Deadline for application: 30 March 2021.
The A.P. Moller Group has seen a number of highly capable women join our Boards. We thank you for your many contributions and for being an inspiration to others! Happy womensday #IWD2021
Do you dream of a career in corporate communication? We offer an international environment, continuous professional and personal development, and a unique opportunity to combine your studies with hands-on experience.
“We see hydrogen as an important part of the future green energy mix for industry, shipping and heavy transport. Green Hydrogen Systems has a compelling technology platform for electrolytic hydrogen production based on green energy and we are excited to support them in developing this platform further” says Jan Nielsen, CIO at A.P. Moller Holding.
“Today, a lot of plastics and other forms of waste end up in nature, landfills and incinerators, with far-reaching environmental implications. We would like to contribute to the critical societal development of a circular system of waste, with the same material being used and re-used in an endless number of manufacturing cycles. Faerch has demonstrated that it offers a compelling, sustainable solution, by developing food packaging products with a high degree of post-consumer recycled content” says Robert M. Uggla, CEO at A.P. Moller Holding.
As an accountant at A.P. Moller Holding, you will join an international environment and get a unique opportunity to apply your expertise in the A.P. Moller Foundation as well as the holding company behind some of Denmark’s largest enterprises.
”Today, MCM handles more than half of all grain bulk imports in Morocco and has an ambition to become a leading grain logistic player across Africa. Together with HOLMARCOM, we are proud to support this endeavor, which goes well in hand with our focus on combining attractive investments with a purpose of building sustainable businesses, creating jobs and positively impacting society” says Kim Fejfer, Managing Partner at A.P. Moller Capital.
Henrik Poulsen is the outgoing CEO of Ørsted, a global renewable energy company, and holds significant leadership experience from transforming large corporates. Ørsted has recently been ranked as the most sustainable company in the world.
“A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses, in particular in Ocean and Logistics & Services. Volumes have rebounded faster than expected, our cost have remained well under control, freight rates have increased due to strong demand and we are growing earnings rapidly in Logistics & Services. The outlook for Q4 is solid for the same reasons, and we are therefore able to upgrade our expectations for the full year” says Søren Skou, CEO of A.P. Moller - Maersk.
Kristin H. Holth comes from a position as Executive Vice President and Global Head of Ocean Industries of DNB, Norway’s largest bank and a global leading financial institution within the ocean industries, while Michael Brennan has broad experience in trading and advisory services across the energy markets. At Morgan Stanley, he developed and managed the Global Oil Trading and Structured Transactions businesses.
“Gram & Juhl is a remarkable company with an impressive track record, and their unique capabilities within condition monitoring are unprecedented in our industry" says Chlinton A. Nielsen, CEO in KK Wind Solutions.
Do you dream of a career in investment banking, consulting or private equity? A.P. Moller Holding’s Investment Team offers an international environment, continuous professional and personal development, and a unique opportunity to combine your studies with hands on experience.
Cargill invests in ZeroNorth and commits its entire operated fleet to using the Optimise software to reduce CO2 emissions through digital technology. The increased scale will support ZeroNorth in further developing its offering and growing its customer base.
A.P. Moller Holding and A.P. Moller - Maersk are planning to establish the Maersk Bridge: an air bridge and supply chain operation to secure delivery of protective equipment to health care workers and reduce the risk of transmission of Covid-19 in hospitals. The operation takes place in close coordination with relevant hospitals.
Ane Mærsk Mc-Kinney Uggla, Chairman of A.P. Moller Holding: “I am delighted to welcome Diane and Claus to the Board of Directors of A. P. Moller Holding. Diane brings a wealth of entrepreneurial, leadership and investment experience from the technology and software industry, with a personal passion for the sea. Claus has an in-depth knowledge of our Group heritage and values, combined with extensive international, commercial and leadership experience from shipping & logistics and the energy markets. I look forward to their contribution to A.P. Moller Holding’s development.”
We are very pleased to have moved into 'A.P. Møller House' at Esplanaden 19. The house was originally built in 1873 to accommodate The Royal Danish Nautical Archives (Søkortarkivet) and has undergone extensive renovation prior to A.P. Moller Holding's moving in.
Jan T. Nielsen, CIO of A.P. Moller Holding: “KK Wind Solutions has an impressive history and is a leader within power electronic systems solutions for wind turbines. As the wind industry has gained momentum globally, KK Wind Solutions must expand its global footprint and follow its customers’ international expansion. With A.P. Moller Holding’s global mindset, network and expertise, we believe we can be a good partner and an engaged owner to support KK Wind Solutions on this exciting journey.”
After dialogues with other large shareholders, A.P. Moller Holding has requested that the Board of Danske Bank calls for an extraordinary general meeting. In this regard, A.P. Moller Holding is nominating Karsten Dybvad and Jan Nielsen as Directors of the Board. A.P. Moller Holding is also encouraging the Board to consider Karsten Dybvad as new Chairman and Jan Nielsen as Vice Chairman of the Board, if they are elected at the extraordinary general meeting.
A new collaboration between Aarhus Municipality and A.P. Moller Holding could change the heating supply in Denmark. The ambition is to transfer heating from the subsurface to the radiators of 100.000 Aarhus citizens. As such, Denmark’s second-largest city is taking a huge step towards combustion-free district heating.
”We believe that geothermal energy can be as important for the green transition of our heating supply as wind has been for electricity! For the consumers, this means renewable heating in their radiators – similar to the renewable electricity in their power sockets. For our society, this means bringing a large renewable energy source into play and thereby supporting the phasing out of coal and gas. Geothermal energy can supply our houses with heating from the subsurface 365 days a year regardless of whether the sun is shining or the wind is blowing,” says Samir Abboud who is in charge of the geothermal energy project in i A.P. Moller Holding. ”Geothermal energy is a naturally occurring energy source and can play a key role in Denmark’s green transition. There is of course no guarantee that we will succeed, however the potential is too great to not be pursued.”
Robert M. Uggla, CEO of A.P. Moller Holding: “I am delighted to welcome Jan to A.P. Moller Holding. Jan brings sound values and a wealth of experience from various investment related roles in Europe, U.S. and Asia. As a Partner of Blackstone, Jan has established a strong record in building teams and developing companies in vastly different markets.” Robert M. Uggla continues: “With Jan onboard, A.P. Moller Holding takes an important step in our company’s development: to review and implement our future investment and portfolio strategy, including building a great investment team.”
A.P. Møller Holding A/S
1263 Copenhagen K
A.P. Møller Holding A/S
1263 Copenhagen K
T: +45 61 18 10 20
Mika Bildsøe Lassen
T: +45 20 55 26 55