Stiebel Eltron to acquire Thermia heat pump business from Danfoss

Stiebel Eltron Group and Danfoss finalized an agreement for Stiebel Eltron to acquire Danfoss Värmepumpar AB (Thermia), with activities in Sweden, Finland and Norway. Thermia has annual turnover of about 650 million SEK and 210 employees.

“The Stiebel Eltron Group and Danfoss A/S have finalized an agreement for Stiebel Eltron to acquire Thermia, which includes Danfoss Värmepumpar AB in Sweden and activities in Finland and Norway.”danfoss.com

• 2 sources
• danfoss.comDanfoss Värmepumpar AB (Thermia) joins the Stiebel Eltron Group | DanfossApr 16, 2018
• hvnplus.co.ukStiebel Eltron acquires Thermia heat pump brand from Danfoss - Heating and Ventilation NewsMay 25, 2018

Summarized from public sources; check the original articles before acting on it.