A.P. Moller Holding, which controls Denmark’s A.P. Moller-Maersk, made its first move into the renewable energy market yesterday, revealing it will buy local wind turbine supplier KK Group from Swedish private equity Solix Group.
“Denmark is the leading hub for the wind industry worldwide with significant global growth potential. We look forward to supporting KK Wind Solutions’ further development and growth in this important industry”, chief investment officer of A.P. Moller holding, Jan Nielsen, said in a statement.
No price for the acquisition was revealed.