# Bitzer acquires majority stake in automation specialist Wurm

Bitzer signed a joint venture agreement to become majority shareholder of Wurm Holding GmbH, integrating Wurm's electronic system solutions for refrigeration, air conditioning and ventilation. The deal is subject to regulatory approval.

- Type: Acquisition
- Announced: 2018-11-08
- Where: Germany
- Status: announced
- Products: electronic system solutions for refrigeration, air conditioning and ventilation
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [BITZER](https://endata.com/companies/847.md) (acquirer)
- [Wurm](https://endata.com/companies/19241.md) (target)

## Sources

- [refindustry.com](https://refindustry.com/news/bitzer-and-wurm-signed-a-joint-venture-agreement/), 2018-11-13: "On 8 November, both companies signed a joint venture agreement in which BITZER will be the majority shareholder of the newly established Wurm Holding GmbH from 1 January 2019."
- [acr-news.com](https://www.acr-news.com/bitzer-acquires-automation-expert-wurm), 2018-11-16: "We realised how much we could profit from one another technologically and stimulate the market in these challenging times."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.