Danfoss acquires electric solutions provider

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Danfoss has acquired Axco-Motors, a developer of large electric solutions (from 250kW and up to 6MW) for applications such as maritime vessels and off-highway vehicles. The move forms part of Danfoss’s strategy to strengthen its global position within mobile electrification.

Danfoss decided to acquire the Finnish Axco-Motors as part of its response to the growing customer demand for electric solutions to reduce emissions and offer efficiency and productivity benefits.

“Electrification is a global megatrend and holds very strong potential in fighting pollution and climate change. This acquisition is another commitment to broaden our mobile electrification capability as a core competency for Danfoss. It gives us the total package for serving our global markets with optimal solutions, and fully supports our customers’ needs – regardless of the chosen technologies. This will enable further growth in the markets we serve, and I’m really looking forward to welcoming the highly experienced and knowledgeable team from Axco-Motors,” said Eric Alström, president of Danfoss Power Solutions.

Axco-Motors, headquartered in Lappeenranta, Finland, will be integrated into Danfoss Editron – a business within the Danfoss Power Solutions segment.

“Several of our markets, such as off-highway, marine and distribution, are being challenged to reduce emissions and pollution,” said Kimmo Rauma, vice president of Danfoss Editron.

“Mobile electric solutions are a highly relevant technology to this challenge, and Axco-Motors is the leading expert in the large-scale power range up to 6MW and thus an important and complementary technology to our current product range, and our mission to end pollution.”

“We have a passion for quality and for customer-focused products that fully meet the needs and requirements of each particular client, so joining Danfoss is great for us, because we have the same focus,” said Juhana Ylikojola, CEO at Axco-Motors.

“Being part of Danfoss means bigger capacity, a broader client base and possibilities for investment in innovation and market opportunities.”

About Author

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Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he began editing Electric & Hybrid Vehicle Technology International in 2016, and took over as editor of Tire Technology International in 2018.

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