01 March 2023
KK Wind Solutions becomes the world’s leading converter manufacturer to the wind industry.
The acquisition of Vestas’ converter & controls business has been successfully completed, making KK Wind Solutions a world leader within converter and controls for the wind industry.
With around 600 highly experienced and skilled employees and three factories located in Hammel (DK), Oragadam (IN) and Tianjin (CN), the acquisition brings immediate scale to our operations and doubles our production capacity. Moreover, the acquisition will significantly grow our business.
"Our people are our most important and valuable asset. Their expertise and dedication are vital in accelerating the green energy transition, and we are excited to welcome our new colleagues whose skills and know-how will help us further develop the industry's supply chain", says Mauricio Quintana, Chief Executive Officer, KK Wind Solutions.
The transaction brings numerous benefits to our customers. We gain additional momentum in maturing the industry’s supply chain and leveraging economies of scale across our operations to achieve greater efficiencies. And by expanding our manufacturing footprint to China, we can better serve our customers globally.
As part of the transaction, KK Wind Solutions gains exclusivity in supplying converters and controls to Vestas and will further advance the partnership by co-developing all future Vestas converters.
In the coming 18 to 24 months, we will carefully integrate the business while ensuring continuous operations and consistent deliveries to Vestas. Our primary focus is to make the integration as seamless as possible for all our customers, suppliers, and employees. KK Wind Solutions and Vestas have agreed on several transitional service agreements to ensure business continuity, knowledge transfer and stable operations throughout the integration period.
KK Wind Solutions' combined geographical footprint will now include seven manufacturing sites and more than 2,300 employees across three continents.
Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 164 GW of wind turbines in 87 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 144 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 28,000 employees are bringing the world sustainable energy solutions to power a bright future.
About KK Wind Solutions
Building on more than 40 years of experience, KK Wind Solutions is a strong partner in electro-mechanical systems for wind turbines. Our capabilities span development of state-of-the-art technologies, high-quality lean manufacturing, flexible aftermarket solutions and advanced monitoring services. KK Wind Solutions is owned by A.P. Moller Holding which is the parent company of the A.P. Moller Group, which was established in 1904 by Arnold Peter Møller.
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KK Wind Solutions completes the acquisition of Vestas' converter & controls business