On Monday, 20 April 2026, PowerCon Holding ApS (“PowerCon”) announced that it had entered into an agreement to divest the Company to KK Group, backed by A.P. Moller Holding, for an undisclosed consideration.

PowerCon is an international engineering and manufacturing company specialising in advanced power conversion solutions for the maritime, wind, and battery energy storage system (BESS) industries. The company pioneered modular shore power solutions, enabling ships at berth to connect to onshore electrical grids, and has since established itself as a global leader within this segment. PowerCon employs more than 200 people and is headquartered in Hobro, Denmark.

KK Group is a global leader in power, control, cooling, monitoring, and service solutions for renewable and energy-intensive industries. Building on decades of experience in the wind and cooling sectors, KK Group develops electromechanical solutions that support electrification, enhance energy efficiency, and extend the lifetime of critical infrastructure. The company is headquartered in Ikast, Denmark, and operates internationally with a strong presence across Europe, Asia, and North America.

The acquisition strengthens the two companies’ capabilities within power conversion and battery energy storage systems, unlocking access to new markets, and creates significant cross-selling opportunities across a combined customer base in wind, maritime and energy storage.

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