A.P. Moller Holding Acquires Nissens Cooling Solutions
July 19, 2021
A.P. Moller Holding A/S has signed an agreement to acquire Nissens Cooling Solutions from K. Nissen International A/S (controlled by private equity firm Axcel). Nissens Cooling Solutions — a global manufacturer of customised cooling components, systems and modules for wind turbines and industrial applications with about 1,000 employees across Denmark, China, the Czech Republic and Slovakia — will be carved out as a standalone company and become fully owned by A.P. Moller Holding; the deal is subject to competition clearance and expected to close in H2 2021.
- Buyers
- A.P. Moller Holding A/S
- Targets
- Nissens Cooling Solutions
- Sellers
- K. Nissen International A/S, Axcel
- Industry
- Manufacturing
- Location
- Denmark
- Transaction Type
- Divestiture
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