Danish hydraulics and controls manufacturer Danfoss has signed to acquire the industrial radio control system division of Spanish company Ikusi.
Ikusi makes wireless systems to operate and control, among others, truck mounted cranes, winches, and off road machines. It will be integrated into the Danfoss Power Solutions business segment, Danfoss said. The price of the deal was undisclosed.
Commenting on the deal, Kim Fausing, Danfoss president and CEO, said, “Acquiring new innovative technologies is an important part of our investments in developing our business, and I am excited about the team of experts from Ikusi Remote Control joining Danfoss. Remote controls hold a tremendous potential, and the acquisition is a great example of how we, by adding new digital technology, can strengthen our portfolio of advanced components and systems and offer a broader range of solutions to the benefit of our customers.”
Iñaki Maiz, Ikusi managing director, said, “For our remote control business unit to become a business within Danfoss will enable greater specialization, more capacity and synergies for greater innovation and market opportunities.”
The acquisition includes a factory in Spain and sales offices in the USA, Germany and Dubai.Danfoss said it expects the deal to be completed in the third quarter of 2018.
- Business & finance
- Crane-Related Suppliers
- Cranes & Specialized Transport
- Danfoss Power Solutions
- Iñaki Maiz
- Kim Fausing
- Loader - Artic Boom
- Loader - Fixed Arm
- Mergers & acquisitions
- Operator Assistance & Mobile Electronics
- Remote Control