KK Group recently announced the acquisition of PowerCon A/S, a Danish engineering and manufacturing company with strong maritime roots that specializes 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 modularized, high-power converters and testing solutions.
PowerCon’s shore power technology allows ships to plug into electrical grids and turn off diesel engines while at berth in harbors. Replacing highly polluting marine fuel with shore power from renewables can support the necessary decarbonization 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 toward a more sustainable tomorrow,” said Mauricio Quintana, CEO of KK Group. “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.”
PowerCon has its roots in the wind industry, where it developed fully modularized converter solutions and unique testing capabilities. KK Group and PowerCon have an aligned strategic vision based on a relationship built on more than 15 years of collaboration in wind.
“Joining KK Group is a natural next step for PowerCon,” said Kim Brøndum Larsen, CEO and co-founder of PowerCon A/S. “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.”
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 percent in PowerCon as well as play a key role within the organization, 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 about 4,000.
The acquisition is expected to close during Q2 2026, following approval from regulatory authorities.
More info www.kkgroup.com
