KK Group builds up to global expansion after sale

Production beyond Europe will be launched and KK Group will be the largest in its class of suppliers which provide electrical systems to wind turbines.

A Danish supplier will enter a new era when KK Group is taken over by investment fund Solix. It will also be a new time for PKA Pension, which is leaving the company after more than 30 years. And not least for Tommy Gundelund Jespersen, who has been with the company since 2004 and until yesterday with a share of 15 percent.

The company, which booked revenue of DKK 1.2 billion (EUR 160 million) in 2014-2015 has not revealed what Solix had to pay to secure the title of owner. However media rumors abound that it was around the DKK 1 billion mark. Nor will Gundelund Jespersen reveal the price he was offered for his share. He stresses, however, that he is looking forward to continuing in the company under the new owners.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

NKT targets double revenue in business unit

The Danish cable manufacturer closes the second quarter with flying colors, with a record-sized order book resulting in factory expansion, which along with other extensions propels the Solutions division forward to nearly doubling its top line.

Uniper hits Q2 net deficit of EUR 9.3bn

Just as expected, the German utility is hit hard by supply commitments forcing natural gas purchases on the wholesale market. State bailout keeps the business floating.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Further reading

Related articles

Latest News

See all jobs