08 June 2022
KK Wind Solutions has agreed to acquire ConverterTec Deutschland GmbH’s R&D department and IP portfolio to further strengthen their offerings within power conversion.
ConverterTec is a leading expert in power conversion solutions for the wind industry. With more than 25 years of experience, the company has delivered over 24,000 converter installations to onshore and offshore wind farms in 50 countries.
KK Wind Solutions will carve out the converter R&D department, intellectual property rights and test centre facilities of ConverterTec.
With this transaction, KK Wind Solutions will establish a centre of excellence for power conversion in Germany to develop world-class solutions for our customers.
“We wish to take a leading role in accelerating the transition to renewable energy sources. With ConverterTec’s remarkable R&D capabilities and outstanding track record, we will deliver the best possible power conversion solutions to top tier wind OEMs and expand into new industries such as Power-to-X,” says René Balle, Chief Technology Officer at KK Wind Solutions. He continues:
“With an established centre of R&D, we are gaining highly skilled employees with advanced competencies and design expertise within power conversion, enabling KK to deliver technological innovation and design that increases performance and reliability. Together with our existing factory set up in Poland, India, Taiwan and Denmark, KK Wind Solutions is uniquely positioned to take on large-scale power conversion projects.”
In the coming months, KK Wind Solutions will ensure a continuous operation of the acquired R&D team and carefully integrate into the company, making the transition as seamless as possible for customers, suppliers and employees.
“The ConverterTec R&D department will contribute with additional converter expertise within KK Wind Solutions. As part of a leading electro-mechanical supplier to the wind industry, our converter R&D team will provide an array of engineering competencies and help accelerate the development of power converters,” says Kieran May, Managing Director of ConverterTec.
Both parties have agreed not to disclose the price or other terms of the acquisition.
About KK Wind Solutions
Building on more than 40 years of experience in electrical systems for wind, KK Wind Solutions’ capabilities span the development of state-of-the-art technologies, high-quality lean manufacturing, flexible aftermarket solutions and advanced monitoring services.
Founded in 1969 as part of SEG Electronics, ConverterTec Deutschland GmbH is a leading expert in power conversion solutions. They offer comprehensive solutions to wind, battery storage, or hydrogen application with a strong track record in developing and delivering converter systems.
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KK Wind Solutions strengthens power conversion offerings with a world-class centre of excellence