FIH Partners advised A.P. Møller Holding A/S on the acquisition of 100% of the shares in KK Group A/S from SoLix Group AB. KK Group A/S’s main activities are realised through KK Wind Solutions, a leading global supplier of power electronics solutions to the wind turbine industry.
KK Wind Solutions has been a leader in the wind industry since the 1970s and has in recent years moved from being a components supplier with a narrow product portfolio to becoming a leading systems supplier within wind power electronics, delivering to all the large Wind OEMs, including SiemensGamesa, Vestas, Mitshubishi Vestas Offshore Wind and GE Renewables. Approximately 65% of the installed offshore capacity worldwide is today equipped with solutions from KK Wind Solutions.
Since 2014, KK Wind Solutions has experienced double digit annual growth and reached sales of DKK 1.6bn in 2018.
The value of the transaction is not disclosed.
FIH Partners acted as exclusive financial advisor to A.P. Møller Holding A/S.