18 November 2016
Scandinavian investment company Solix takes over the ownership of KK Group.
Having grown significantly since its establishment in 1981 and with its positive future prospects, KK Group has become an attractive company in a strong and growing industry. As a result, Solix now takes over the ownership of the company from the Danish pension fund, PKA, who has been major shareholder of KK Group since 1983, and the private equity company, Maj Invest Equity, shareholder since 2010.
Investment director at PKA, Michael Nellemann Pedersen makes no secret of the fact that the pension fund made a good investment back in 1983:
“More than 30 years ago, PKA made an investment that was exceptional in more than one sense: It has been unusually successful and KK Group has become a very important player in the global market for wind energy solutions. In PKA we are pleased to have been part of the team, however, time has come for others to continue the development of KK Group,” says Michael Nellemann Pedersen.
Resigning chairman of the board in KK Group, Erik Holm, Maj Invest Equity, adds: “Having been involved in transforming the company from component supplier to systems supplier has been very interesting indeed. Through a future-proof strategy including industry 4.0 technology and a high degree of digitalization, we have now prepared KK Group for the next giant leap.”
KK Group is, without doubt, an ambitious company in transformation. Since 2012, it has doubled its financial results and expects high growth over the next coming years as well.
New owner as global lever
When looking at potential buyers, the Board of KK Group were looking for a buyer that had the profile and capacity to broaden KK Group’s global presence. The growing market for wind energy services & products requires an increased ability and will to follow customers wherever they are present in the world and as such, Solix was found to be the perfect match for KK Group.
Tommy G. Jespersen, CEO of KK Group states: “I am convinced that we have found the right new owners of KK Group who can further accelerate our positive growth in the market. Having the new owner buying in on our business strategy just confirms our strong belief in the plans we have made for KK Group. At the same time, I would like to thank PKA and Maj Invest Equity who have been with us for many years. Together, we have gone through a good process of finding the new owners. Now KK Group is looking very much forward to the future cooperation with Solix based on the current business strategy.”
Tommy Gundelund Jespersen confirms that both he and CFO, Johnny Haahr continue in their current roles in KK Group.
About KK Group
Building on more than 35 years of experience, KK Group is among the leading suppliers of electrical system solutions for the wind industry. More than 60% of the world’s total offshore wind capacity is equipped with KK Group’s electrical solutions. The company’s offshore and onshore solutions range from development of state-of-the-art systems and lean manufacturing to installation, operations and maintenance.
The company employs more than 800 highly skilled and dedicated people and operates from several international locations. Besides the headquarter located in Denmark, KK Group has state-of-the art production facilities in Poland, sales office and distribution center in the US, and sales offices in Germany, Korea and China.
Carina Britorn Vestergaard
Marketing & Communication Manager
KK Wind Solutions A/S
+45 96 92 47 82 (Direkte)
+45 51 22 39 49 (Mobil)
Thomas B. Knudsen
Head of Press
+45 39 45 45 17 (Direkte)
+45 26 18 45 73 (Mobil)
Maj Invest Equity
DK-1457 Copenhagen K
+45 3338 7390
KK Group gets new owner