Nordborg, Denmark: Danfoss has announced that it has entered into an agreement with Sondex, supplier of plate heat exchangers, to acquire full ownership of privately-held Sondex Holding. The acquisition, the announcement added, is an “ideal” match to the Danfoss Heating business segment.
The announcement said that 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 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,” said Niels B Christiansen, President & CEO of Danfoss. “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.”
Aage Søndergaard Nielsen, CEO of Sondex, added: “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.”
The announcement informed that 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, the announcement added.