Press release, 27 May 2021
KK Wind Solutions acquires PCH Engineering
KK Group, the parent company of KK Wind Solutions, acquires PCH Engineering (PCH), which specializes in the development, production and sale of vibration monitors for real-time monitoring of structures and machines.
KK Wind Solutions is a leading global supplier of electromechanical systems for the wind industry and is acquiring PCH Engineering from the current majority owner, Erhvervsinvest III K/S.
PCH Engineering's core competence is in vibration monitoring. At present, PCH possesses a unique competence in the field of vibration, being, for instance, among the first to create a digital vibration monitor.
A strong company with an impressive product portfolio
PCH Engineering's products are of a very high quality and provides a high level of safety and functionality. Customers are major, global, blue chip OEM manufacturers in the wind turbine and mechanical engineering industries. More than 80% of turnover is from exports.
Chlinton A. Nielsen, CEO of KK Wind Solutions and the new owner of PCH, says:
"PCH Engineering is a strong company with an impressive product portfolio, and their profound competences in vibration monitoring are unparalleled in our industry."
Sune Lilbæk, CEO of PCH Engineering A/S, is looking forward to joining KK Group and says:
"I look forward to continuing the positive development of PCH Engineering A/S. Together with KK Group, we expect to be focusing on further developing the product range as well as new and selected market segments based on our newly developed monitor platform. As the former owner, Erhvervsinvest consolidated PCH’s transition from owner-managed company and continued investments in the development and commercialization of the product portfolio. I am confident that KK Group, in collaboration with our competent employees, will be able to continue the positive development going forward."
Thomas Marstrand, CEO and Managing Partner of Erhvervsinvest, says:
"We are very pleased with the development that PCH has undergone during our ownership, during which the company has cemented its position as the leading player in vibration monitors for the wind turbine and mechanical engineering industries. A strong foundation has been created for further growth in both industries, and we are confident leaving the company as well as its future to KK Group. We would like to thank all employees for their hard work and excellent collaboration over the years."
For further information, please contact:
Thomas MarstrandManaging Partner and CEO, Erhvervsinvest
Phone: (+45) 70 20 32 95 / (+45) 21 65 93 26
www.erhvervsinvest.dk Kenneth Damm HansenMarketing & Communication Manager, KK Wind Solutions A/S
Tel: (+45) 24 76 37 99
E-mail: kehan@kkwindsolutions.com
www.kkwindsolutions.com
