# 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.

- Type: Acquisition
- Announced: 2019-01-21
- Where: Longmont, Colorado, United States
- Value: $100.0M
- Status: announced
- Products: electric motors, inverters, electric propulsion systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Danfoss](https://endata.com/companies/1945.md) (acquirer)
- [UQM Technologies](https://endata.com/companies/4496.md) (target)

## Sources

- [danfoss.com](https://www.danfoss.com/en/about-danfoss/news/cf/danfoss-to-cement-strong-position-in-the-marine-and-on-and-off-highway-markets/), 2019-01-21: "Today, Danfoss entered into a definitive merger agreement with UQM Technologies, Inc., pursuant to which Danfoss will acquire all outstanding common shares of UQM."
- [tickeron.com](https://tickeron.com/blogs/danfoss-set-to-acquire-uqm-technologies-uqm-1-65-in-all-cash-transaction-3715/), 2019-01-23: "Danfoss is all set to acquire all outstanding common shares of UQM for $1.71 per share, valued at approximately $100 million including UQM's debt in an all-cash deal."

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