Danfoss and Sondex have announced an agreement for Danfoss to
acquire full ownership of privately-held Sondex Holding A/S, a global leader in
heat transfer technologies. Sondex develops, produces and markets heat
exchangers, and the company represents an ideal match to the Danfoss Heating
business segment. Thus the acquisition confirms Danfoss’ strategic focus on
building leading positions and accelerating profitable growth.
“Sondex is a well-performing company with a second-to-none heat
exchanger expertize, which perfectly fits our ambition to further strengthen
our position within heat transfer solutions. By joining forces we are able to
offer a broader, even more competitive and innovative product and service
portfolio within heat transfer to the benefit of our customers”, says Niels B.
Christiansen, President and CEO, Danfoss.
Combining the two businesses, Sondex and the Danfoss Heat
Exchanger business, is an important lever to develop the already strong market
position in district energy and HVAC, and to increase relevance within
industries as marine, food and beverage, off-shore, and industrial
refrigeration.
“Sondex and Danfoss both come from positions of strength and we
already enjoy a strong and long-standing relationship in key areas. Now, we
combine our businesses to make an even bigger impact in the markets we serve. I
am very pleased about the opportunity to combine our strengths as I am
confident that together we will have a very compelling and unmatched value
proposition in the market”, says Aage Søndergaard Nielsen, CEO, Sondex.
Sondex is headquartered in Kolding, Denmark and employs
approximately 1,200 employees worldwide. Upon regulatory approval of the
transaction, the company becomes part of the Danfoss Heating business.
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