Photo: Teun van den Dries/ Shutterstock

July 10 (Reuters)– A.P. Moller Holding, which regulates Danish delivery gigantic A.P. Moller-Maersk will certainly get Danish wind generator distributor KK Group, it claimed on Wednesday, in a primary step right into the renewable resource sector.

The procurement notes a brand-new instructions for the family-owned firm, which has actually developed its company on the delivery and also oil sector.

The celebrations decreased to reveal the rate of the offer. A.P. Moller Holding will certainly purchase KK Group, whose primary tasks are via KK Wind Solutions, from Swedish exclusive equity Solix Group.

“Denmark is the leading hub for the wind industry worldwide with significant global growth potential. We look forward to supporting KK Wind Solutions’ further development and growth in this important industry”, primary financial investment police officer of A.P. Moller holding, Jan T. Nielsen, claimed in a declaration.

KK Wind Solutions utilizes concerning 1,400 individuals worldwide and also supplies digital systems to wind generator titans like Siemens Gamesa, Vestas and also GERenewables It produced sales of 1.6 billion Danish crowns ($ 240 million) in 2018.

The procurement, which requires authorization from the Danish and also German competitors authorities, is anticipated to experience in the 3rd quarter of 2019, the firms claimed. ($ 1 = 6.6534 Danish crowns) (Reporting by Nikolaj Skydsgaard; editing and enhancing by Emelia Sithole-Matarise)

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