# Danfoss acquires majority stake in Artemis Intelligent Power, creating JV with MHI

Danfoss acquired the majority of Artemis Intelligent Power, an Edinburgh hydraulic R&D firm, to gain its Digital Displacement technology. Artemis will become a joint venture with Mitsubishi Heavy Industries, with Danfoss as majority shareholder.

- Type: Acquisition
- Announced: 2018-10-24
- Where: Edinburgh, Scotland, United Kingdom
- Status: completed
- Products: Digital Displacement hydraulic pumps, hydraulic motors, hydraulic systems
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (partner)
- [Danfoss](https://endata.com/companies/1945.md) (acquirer)
- [Artemis Intelligent Power](https://endata.com/companies/4086.md) (target)

## Sources

- [danfoss.com](https://www.danfoss.com/en/about-danfoss/news/cf/danfoss-acquires-majority-shares-in-disruptive-technology-leader/), 2018-10-24: "Today, Danfoss announces the acquisition of the majority shares of Artemis Intelligent Power Ltd. (AIP)."

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