# 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.

- Type: Acquisition
- Announced: 2018-04-16
- Where: Arvika, Sweden
- Jobs: 210
- Status: announced
- Products: heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Danfoss](https://endata.com/companies/1945.md) (partner)
- [Danfoss](https://endata.com/companies/1945.md) (target)
- [Stiebel Eltron](https://endata.com/companies/3162.md) (acquirer)
- [Thermia](https://endata.com/companies/3163.md) (target)
- [Danfoss Värmepumpar](https://endata.com/companies/3331.md) (target)

## Sources

- [danfoss.com](https://www.danfoss.com/en/about-danfoss/news/cf/danfoss-vaermepumpar-ab-thermia-joins-the-stiebel-eltron-group/), 2018-04-16: "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."
- [hvnplus.co.uk](https://www.hvnplus.co.uk/news/stiebel-eltron-acquires-thermia-heat-pump-brand-from-danfoss-25-05-2018/), 2018-05-25: "The acquisition of Thermia from parent company Danfoss will see Stiebel Eltron obtaining the third largest supplier in the Nordic heat pump market."

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