Ramboll expands expertise in renewables with K2 Management buy

Danish engineering, architecture and consultancy company Ramboll unveiled a second investment within a week to bolster its capabilities in renewables, acquiring K2 Management, a local peer specialised in wind and solar energy.

Founded in 2007, K2 Management has worked on projects such as the Deutsche Bucht offshore wind farm in the German North Sea and the first foreign-owned wind farm in Vietnam, Dam Nai.

The acquisition adds close to 200 experts to Ramboll’s wind division, which will now have over 900 dedicated experts across 20 countries, as well as new local presences in Vietnam, Thailand, Taiwan and Portugal.

The deal allows the Danish firm to support clients throughout all stages of wind energy projects, it said in a press statement on Wednesday.

Over the last three years, Ramboll has successfully developed its wind business from a primary foundation designer to a full-service wind consultancy, growing the division by about 25% annually. The company seeks to build a team of over 1,000 experts by 2025 to meet the growing demand in the global wind market.

K2 Management marks the latest inorganic growth investment announced by Ramboll this year. Last week, the Nordic company took over for an undisclosed amount Wandschneider + Gutjahr Ingenieurgesellschaft mbH (W+G), a German consultancy focused on waste-to-energy engineering that has carried out more than 200 projects from concept to commissioning.

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