Danfoss acquires AXCO-Motors; large electric motors and generators for maritime and off-highway applications
04 September 2018
Danfoss has acquired AXCO-Motors, a technology leader in large electric solutions (from 250 kW and up to 6 MW) for applications such as maritime vessels and off-highway vehicles, thereby strengthening its global position within mobile electrification. (Earlier post.)
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.—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.
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.—Kimmo Rauma, Vice President, Danfoss Editron