Danfoss strengthens electric options
By Andy Brown03 September 2018
Danfoss has acquired AXCO-Motors, a leading expert in large electric motors and generators from 250 kW up to 6 MW for applications like maritime vessels and off-highway vehicles.
The firm said that, with the purchase, the company had strengthened its position within mobile electrification and is responding to the growing customer demand for electric solutions to reduce emissions and benefit from the efficiency and productivity gains that these solutions bring.
Eric Alström, president, Danfoss Power Solutions, said, “Electrification is a global mega-trend 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.”
AXCO-Motors was founded in 2004. The firm, which is headquartered in Lappeenranta, Finland, will be integrated into Danfoss Editron, a business within the Danfoss Power Solutions segment.