Danfoss, a leading Danish hydraulics and control system manufacturer has announced its acquisition of Finnish motor and generator manufacturer, Axco-Motors.
Headquartered in Lappeenranta, south east Finland, Axco-Motors produces direct drive permanent magnet motors and generators for various sectors including: off-highway vehicles, maritime vessels, wind turbines and small scale hydro electric systems. Acquiring the company enables Danfoss to meet the increasing customer demands for electric dive solutions to reduce emissions. The company will be integrated into Danfoss Editron, within the Danfoss Power Solutions division.
Danfoss president, Eric Alström commented: “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.”
Danfoss Editron vice president, Kimmo Rauma explained: “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 6MW and thus an important and complementary technology to our current product range, and our mission to end pollution.”
Axco-Motors chief executive, Juhana Ylikojola stated: "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. Being part of Danfoss means bigger capacity, a broader client base and possibilities for investment in innovation and market opportunities.”