Key highlights

• KK Group acquires PowerCon A/S, a Danish specialist in shore power and power conversion technology, with a global installed base, marking a significant step into maritime electrification.
• The acquisition strengthens the two companies' converter and battery energy storage system capabilities, unlocks new markets, and creates cross-selling opportunities across a combined customer base in wind, maritime and energy storage. 
• The acquisition is expected to close during Q2 2026 following approval from relevant regulatory authorities.

KK Group has announced the acquisition of PowerCon A/S, a Danish company with strong maritime roots, specialising in power conversion technology for the maritime, wind and battery energy storage industries. The acquisition will create growth opportunities for KK Group by unlocking new markets and strengthening its capabilities in modularised, high-power converters and testing solutions. 

PowerCon’s innovative shore power technology allows ships to plug into electrical grids and turn off diesel engines while at berth in harbours. Replacing highly polluting marine fuel with shore power from renewables can support the necessary decarbonisation of the global maritime industry through electrification. 

“PowerCon’s unique shore power technology coupled with its clear mission and skilled team is perfectly aligned with KK Group’s purpose, Powering Change towards a more sustainable tomorrow. PowerCon has over many years proven to be a highly successful and value-driven partner and through this acquisition, we will leverage PowerCon’s  skills and technologies to unlock new growth opportunities and support the electrification of the global maritime industry for the benefit of customers, society and the environment,” says Mauricio Quintana, CEO of KK Group.

Acquisition to drive scale

PowerCon has its original roots in the wind industry, where it developed fully modularised converter solutions and unique testing capabilities. KK Group and PowerCon have an aligned strategic vision based on a long-standing relationship built on over 15 years of collaboration in wind, creating a strong cultural and values-based foundation for the partnership. 

“Joining KK Group is a natural next step for PowerCon. We share the same roots in wind and the same belief in what power conversion technology can do for the energy transition. With KK Group's scale and resources behind us, we can bring our shore power solutions to more ports and customers, supported by a stable ownership platform that supports continued development, technological advancement and growth,” says Kim Brøndum Larsen, CEO and co-founder of PowerCon A/S.

In addition to diversifying into shore power, PowerCon has expanded into the growing Battery Energy Storage System (BESS) industry. Through the acquisition, KK Group will leverage synergies through combining expertise in power conversion solutions for the wind industry and cross-selling opportunities across the combined, larger customer base in the wind and BESS industries. 

From left to right: Bjørn Mogensen, CFO, KK Group, Mauricio Quintana, CEO, KK Group, Kim Brøndum Larsen, CEO, PowerCon, Allan Holm Jørgensen, CTO, PowerCon, Peter Castberg Knudsen, CFO, PowerCon.

Key facts about the acquisition

• PowerCon will become part of KK Group but operate as a separate entity while the two companies explore options for further collaboration. 
• The former owners and leadership team of PowerCon will keep a minority share of 30% in PowerCon as well as play a key role within the organisation, ensuring continuity, long-term commitment, local anchoring for customers, suppliers and employees.
• Following the acquisition, more than 200 new colleagues will join KK Group, bringing the total number of colleagues to approximately 4,000. 
• As a part of A.P. Moller Holding, KK Group can benefit from the ecosystem among A.P. Moller Holding’s other portfolio companies to increase global market access. 
• The acquisition is expected to close during Q2 2026, following approval from regulatory authorities.

About PowerCon

• PowerCon is an international engineering and manufacturing company specialising in shore power solutions for the maritime industry as well as power conversion solutions for the wind and battery energy storage system (BESS) industries.
• The company pioneered the shore power solution industry with its modular shore power solution which allow ships at berth in harbours to plug into electrical grids and turn off their auxiliary diesel engines. 
• The company has over 200 employees with the majority based at its headquarters in Hobro, Denmark.