Danfoss creates a world-leading player in heat transfer solutions
By acquiring Sondex, Danfoss further strengthens its position in the global market for heat transfer solutions
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 & 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 & beverage, off-shore, and
“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
The parties have not disclosed the
purchase price or other conditions of the transaction.
For more information:
Danfoss Media Relations
+45 70 20 44 88