In its efforts to continue investing in innovation and growth, Danfoss has acquired Finnish company Visedo Oy, a world-leading expert in electric solutions for the off-highway and marine markets. With this step, Danfoss is responding to the growing customer demand for electric solutions to reduce emissions and pollution and to increase productivity.
Visedo, which is headquartered in Lappeenranta, Finland, will be integrated into the Danfoss Power Solutions business segment. Danfoss’s acquisition of this electric systems business is in line with its strategic focus on adding electric solutions as a key competency.
“Acquiring new innovative technology is an important part of our investment in growth, and I am excited about the great Visedo team joining Danfoss and our future journey,” said Kim Fausing, president and CEO, Danfoss.
“Electrification is a fast-developing area and holds tremendous potential, and Visedo is a great example of how we can focus on customer needs and at the same time strengthen our offering by providing a broader range of solutions.”
“With this acquisition, we position Danfoss and the Danfoss Power Solutions business to be even stronger,” said Eric Alström (top), president, Danfoss Power Solutions. “We see a growing demand for electric solutions within off-highway vehicles and the marine market in response to the more stringent emissions regulations being imposed in these markets, as well as efficiency and productivity gains that these solutions bring. Danfoss will, based on this acquisition, continue to invest in electrification to further strengthen our position in the industry.”
The acquisition includes all Visedo subsidiaries globally and a design and manufacturing site located at its headquarters in Lappeenranta.
“The acquisition acknowledges the know-how and excellence built over the years between Visedo and the Lappeenranta University of Technology,” said Tuomo Rönkkö, chairman of the board for Visedo.
“The long-term commitment of the original investors and the ability to find the best experts to work for the company have been the base for this success story. We are happy that the story will continue and will bring more investments to the entire region.”
November 3, 2017
