PowerCon A/S

KK Group Invest - PowerCon

KK Group Invest A/S (KK Group Invest) plans to acquire 100% of the share capital of PowerCon Holding ApS and its wholly-owned subsidiaries PowerCon A/S and PowerCon USA Inc (collectively, PowerCon), by way of share transfer (the Acquisition). PowerCon is a group of companies headquartered in Denmark that supply infrastructure solutions for shore power supply for use by ships at berth in ports globally, including in Denmark, Germany, the Netherlands, Spain, Australia and the USA. In Australia, PowerCon supplies a shore power supply system for the Port Authority of New South Wales. KK Group Invest is a Danish-registered global technology company whose core business is the development, production, sale and servicing of power electronics system solutions and technology for onshore and offshore wind turbines. In Australia, KK Group Invest supplies mostly monitoring and service products to customers based in Australia. KK Group Invest is part of the A.P. Moller Group. A.P. Møller Holding A/S is the parent company of this group and is a wholly-owned subsidiary of the Danish commercial foundation A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal.