AP Moller Holding makes first moves in the renewable energy market

AP Moller Holding makes first moves in the renewable energy market

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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