The approval marks an important milestone in bringing together two companies with strong capabilities and a shared commitment to supporting the global energy transition.

PowerCon's founders will continue to be involved through a minority stake in the company, ensuring continuity and supporting the next phase of growth.

KK Group is part of the A.P. Møller Group, which among other activities operates in container shipping, container terminal services, port operations, port services, freight forwarding, and container manufacturing.

About the PowerCon acquisition

PowerCon is a recognised leader in the development and delivery of shore power solutions, enabling vessels at port to connect directly to the electrical grid and reduce emissions while docked. The company also supplies specialised testing equipment for power converters used in the wind industry.

The acquisition of PowerCon represents a strategic expansion of KK Group's capabilities within power conversion and electrical infrastructure. Combined with its existing expertise in power converters for onshore and offshore wind turbines, cooling systems, and condition monitoring solutions, PowerCon's technologies create new opportunities to serve customers across a wider range of industries and applications.