Ramboll acquires K2 Management to boost wind proficiency

European engineering consultants Ramboll announced the acquisition of K2 Management, a global consultancy specialising in wind and solar energy.

The acquisition will strengthen Ramboll’s ability to provide services to clients worldwide across all stages of wind energy projects by incorporating K2 Management's proficiency in strategic advisory and project development.

Following the acquisition, Ramboll's global wind division encompasses over 900 dedicated employees across 20 countries, now adding new local presences in Vietnam, Thailand, Taiwan and Portugal.

With the new setup, Ramboll is making significant progress towards its target of expanding its global wind business in response to growing demand on the global wind market.

Tim Fischer, director of Ramboll’s global wind division commented in a statement: “By merging Ramboll’s decade-long engineering and design skills in wind projects with K2 Management’s leading role in project development and strategic advisory, our clear ambition is to create a true global leader that is well-positioned to support our clients in all phases of wind energy projects globally.

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"It is no secret that talent is scarce in these highly specialised areas, which is why welcoming such a great team of experts to Ramboll all at once is a major milestone. Together, we will take the next big leap in the green energy transition, supporting clients all over the world,” added Fischer.

Over the last three years, Ramboll has developed its wind business from a primary foundation designer to a full-service wind consultancy combining advisory and engineering services. During that period, the division has been growing annually by approximately 25% and expanded its global footprint, opening offices in the US, Poland, Spain, the Netherlands, Japan, Korea and Australia.

For Lars K Hammershøj, co-founder of K2 Management, the acquisition also brings great opportunities to the company:

“By joining Ramboll, we will deliver more innovative, holistic, and sustainable solutions. We can also provide even greater career opportunities for our talented employees. I am confident that our similar mission, purpose and culture, driven by our shared passion and high standards, will enable a smooth integration of our teams.”

The closing of the transaction is subject to customary regulatory approval.