Danfoss to acquire UQM Technologies, electric motor and inverter maker

Danfoss has entered a definitive merger agreement to acquire all outstanding shares of UQM Technologies, a maker of motors and inverters up to 250 kW headquartered in Longmont, Colorado. UQM will become part of the Danfoss Power Solutions segment. No deal value was given.

“Today, Danfoss entered into a definitive merger agreement with UQM Technologies, Inc., pursuant to which Danfoss will acquire all outstanding common shares of UQM.”danfoss.com

• 2 sources
• danfoss.comDanfoss to cement strong position in the marine and on- and off-highway markets | DanfossJan 21, 2019
• tickeron.comDanfoss Set to Acquire UQM Technologies (UQM, $1.65) in All-Cash TransactionJan 23, 2019

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