KK Group has announced the acquisition of Danish shore power specialist PowerCon to expand into maritime electrification and strengthen power conversion capabilities.
KK Group said the deal will enhance converter and battery energy storage system capabilities while unlocking new markets and cross-selling opportunities across wind, maritime and energy storage.
The company added that the acquisition is expected to close during Q2 2026 following approval from relevant regulatory authorities.
PowerCon specialises in power conversion technology for the maritime, wind and battery energy storage industries and has a global installed base.
Its shore power technology allows ships to plug into electrical grids and turn off diesel engines while at berth in harbours.
The companies have collaborated for more than 15 years in the wind sector, forming the basis for the transaction.
“PowerCon’s unique shore power technology coupled with its clear mission and skilled team is perfectly aligned with KK Group’s purpose, Powering Change towards a more sustainable tomorrow,” said Mauricio Quintana, chief executive 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”.
“Joining KK Group is a natural next step for PowerCon. We share the same roots in wind and the same belief in what power conversion technology can do for the energy transition,” said Kim Brøndum Larsen, chief executive and co-founder of PowerCon.
“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”.
Picture: From left to right: Bjørn Mogensen, CFO, KK Group, Mauricio Quintana, CEO, KK Group, Kim Brøndum Larsen, CEO, PowerCon, Allan Holm Jørgensen, CTO, PowerCon, Peter Castberg Knudsen, CFO, PowerCon.