Friday 17 April 2026, KK Group Invest A/S (“KK Group”) entered into an agreement for the acquisition of PowerCon A/S (“PowerCon”), an engineering and manufacturing company specializing in electrical power conversion solutions.
PowerCon was founded 17 years ago in Hobro by Kim B. Larsen, Allan H. Jørgensen and Peter C. Knudsen (all of whom have several years of experience from the wind turbine industry) with one clear vision: To design and manufacture much more innovate power conversion solutions. The founders quickly saw the potential in shore power, and with its strong focus on flexibility for all project aspects, PowerCon quickly became a leading supplier in the industry. Today, PowerCon is widely recognized as an industry front runner, supplying its modular and scalable shore power solutions to ports around the world.
KK Group (a part of A.P. Moller Holding) is a global technology partner delivering power, controls, cooling, and monitoring solutions for renewable energy and energy-intensive industries. With decades of expertise in power, controls, cooling, and monitoring, KK Group enables renewables to electrify societies and drive industrial efficiency.
PowerCon’s unique shore power technology coupled with its clear mission and skilled team is perfectly aligned with KK Group’s purpose, and 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. With KK Group’s scale and resources, PowerCon will be able to bring their shore power solutions to more ports and customers, supported by a stable ownership platform that strengthens the continued development, technological advancement and growth.
The transaction is subject to customary approvals from relevant competition authorities, and closing is expected to be completed within a couple of months.
Accura advised KK Group in connection with the transaction.