Danfoss acquires technology leader AXCO-Motors

Danfoss, which operates in the fields of heating, cooling, engine control systems and power solutions, acquires AXCO-Motors, the technology leader in large-scale electrical solutions.  ****Danfoss acquires AXCO-Motors, the technology leader in large-scale electric solutions (250 kW - 6 MW) for watercraft and off-road vehicles. With this acquisition, Danfoss strengthens its global position in the field of mobile electrification and will respond to the growing customer demand for electric solutions aimed at reducing emissions as well as benefiting from increased efficiency and productivity. Eric Alström, Head of Power Solutions at Danfoss: "Electrification is a very strong megatrend in our fight against air pollution and climate change. This acquisition is a new commitment to increase our mobile electrification capacity, which is one of Danfoss' core competencies. This will allow us to serve our global markets with solutions that are best suited and to fully meet the needs of our customers, regardless of the technologies chosen." Juhana Ylikojola, CEO of AXCO-Motors: "We are passionate about quality and customer-oriented products. Joining Danfoss is a great event for us because we have common goals." AXCO-Motors, based in Lappeenranta, Finland, will operate under the roof of Danfoss Editron, part of the Danfoss Power Solutions Group.