Splash247: KK Group moves into shore power with PowerCon takeover

KK Group is stepping into the shore power segment through the acquisition of Denmark’s PowerCon, adding a new piece to its push into maritime electrification.

The deal, expected to close in the second quarter of 2026 subject to approvals, brings a specialist in power conversion and cold ironing technology into the group’s portfolio.

PowerCon has built a global installed base supplying systems that allow ships to plug into onshore electricity and shut down auxiliary engines while alongside—cutting emissions and fuel burn in port.

For KK Group, the move adds shore power to its existing footprint in converters and battery energy storage, opening up new markets across shipping, wind and energy infrastructure.

“PowerCon’s unique shore power technology coupled with its clear mission and skilled team is perfectly aligned with KK Group’s purpose,” said Mauricio Quintana, CEO of KK Group. “Through this acquisition, we will leverage PowerCon’s skills and technologies to unlock new growth opportunities and support the electrification of the global maritime industry.”

The two companies are not new to each other, having worked together for more than 15 years in the wind sector. That link is expected to ease integration as KK looks to scale PowerCon’s technology across a broader customer base.

PowerCon will continue to operate as a separate entity, with its management and former owners retaining a 30% stake. More than 200 employees will join KK Group, taking its total headcount to around 4,000.

“Joining KK Group is a natural next step for PowerCon,” said Kim Brøndum Larsen, CEO and co-founder of PowerCon. “With KK Group’s scale and resources behind us, we can bring our shore power solutions to more ports and customers.”

Beyond shore power, PowerCon has also been expanding into battery energy storage systems, giving KK another route into fast-growing electrification markets.

As ports and regulators tighten emissions rules, demand for shore power is picking up, particularly in Europe and parts of Asia. The acquisition positions KK Group to tap into that shift, as shipowners look for practical ways to cut emissions without waiting for new fuels to scale.