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Danfoss Sells Household Compressors Business to German-based AURELIUS

15 July 2010
Company continues to make energy efficiency a key focus
Danfoss, one of world's leading manufacturers of high efficiency electronic and mechanical components and controls for air-conditioning, heating, refrigeration and motion systems, announced today that it has sold its household compressor business to AURELIUS AG, a Munich, Germany-based industrial company.

Danfoss Household Compressors, which operates out of the company’s headquarters in Nordborg, has approximately 3,000 employees and is a leading manufacturer for hermetic compressors for refrigerators and freezers, light commercial applications and 12-24-48 DC compressors for mobile applications.

The Danfoss Sales Companies have been appointed as a distributor and will continue their existing sales activities for non-white good applications.

The acquisition, which remains subject to approval by various competition authorities, comprises all Danfoss Household Compressors business activities in China, Slovenia and Slovakia. Closing is expected within the next two to four months.