Axco-Motors joins Danfoss
Finnish company Axco-Motors has been acquired by Denmark-based multinational company Danfoss.
Axco-Motors’ expertise lies in large electric solutions used for applications such as maritime vessels and off-highway vehicles, and the integration of its operations with Danfoss will significantly strengthen the Danish company’s electrification capabilities.
The acquisition comes as a response to growing demand worldwide for electric solutions. Axco-Motors, in turn, stands to benefit from the resources that Danfoss brings, which will guarantee the future development of operations in Lappeenranta, where the Finnish company is based.
“Several of our markets, such as off-highway, marine and distribution, are being challenged to reduce emissions and pollution,” says Kimmo Rauma, vice president at 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.”