AP Moller to acquire Nissens Cooling Solutions from Axcel-backed Nissens.

AP Moller, a holding company, to acquire Nissens Cooling Solutions, a manufacturer of cooling components, cooling systems and cooling modules, from Axcel-backed Nissens. Financial terms are not disclosed. "Cooling solutions and Thermal management is fundamental to renewable energy. The more effectively cooling solutions operate, the more effectively we can produce and consume renewable electricity. In A.P. Moller Holding, we are committed to investing in the transition into renewable energy, and we therefore see Nissens Cooling Solutions, a global leading supplier of customised cooling solutions, as an important addition to our portfolio," Jan T. Nielsen, AP Moller Holding CIO.