 "Danfoss and Sondex officials sign the agreement")
Danfoss - which products and services used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery – has acquired Sondex Holding, the Danish heat transfer technology provider. 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 expertise, 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,” said Niels 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 industrial refrigeration.
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.
