Maersk family company steps into renewables with wind firm acquisition [Reuters]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
Maersk family company steps into renewables with wind firm acquisition - Reuters 2 Min Read (Reuters) - A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk ( MAERSKb.CO ) will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry. The acquisition marks a new direction for the family-owned company, which has built its business on the shipping and oil industry. The parties declined to disclose the price of the deal. A.P. Moller Holding will buy KK Group, whose main activities are through KK Wind Solutions, 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 T. Nielsen, said in a statement. KK Wind Solutions employs about 1,400 people globally and
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