Danfoss expands electrification capability with acquisition of world-leading expert in large electric motors and generators

Monday, September 3, 2018

With the acquisition of AXCO-Motors, a technology leader in large electric solutions (from 250 kW and up to 6 MW) for applications like maritime vessels and off-highway vehicles, Danfoss has strengthened its global position within mobile electrification.

Danfoss 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.

“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,” says Eric Alström, President, Danfoss Power Solutions.

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

Kimmo Rauma, Vice President, Danfoss Editron, comments: “Several of our markets, such as off-highway, marine and distribution, are being challenged to reduce emissions and pollution. 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 6 MW 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,” says 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.”

For more information:
Danfoss Media Relations
Tel: + 45 70 20 44 88

AXCO-Motors Press Contact
Tel: +358 400 48 0674 or +358 50 520 6163

AXCO-Motors was founded in 2004 in Lappeenranta, Finland and has great experience in suppling demanding electrical solutions from the design phase all the way to the delivery. AXCO-Motors delivers motors and generators for the marine industry, large generators for hydropower plants and generators for wind turbines. The products also include a wide range of adaptable direct-drive permanent magnet motors and generators for several gearless industrial applications. More information at www.axcomotors.com

Engineering the world of Tomorrow

Engineering the world of Tomorrow

Danfoss engineers advanced technologies that enable us to build a better, smarter and more efficient tomorrow.  In the world’s growing cities, we enable the supply of fresh food and optimal comfort in our homes and offices, while meeting the need for energy-efficient infrastructure, connected systems and integrated renewable energy. Our solutions are used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery. Our innovative engineering dates back to 1933 and today Danfoss holds market-leading positions, employing 27,000 and serving customers in more than 100 countries. We are privately held by the founding family.