Danfoss acquires AXCO-Motors to strengthen electrification capability

Danfoss acquired AXCO-Motors, a Finnish manufacturer of large electric motors and generators (250 kW to 6 MW), to strengthen its mobile electrification business. Financial terms were not disclosed.

“With the acquisition of AXCO-Motors, a technology leader in large electric solutions for applications like maritime vessels and off-highway vehicles, Danfoss has strengthened its global position within mobile electrification.”danfoss.com

• 3 sources
• danfoss.comDanfoss acquires AXCO-Motors | DanfossSep 3, 2018
• drivesncontrols.comDanfoss buys Axco, Finnish maker of PM motor and generators - Drives&ControlsdrivesSep 3, 2018
• castren.fiDanfossOct 5, 2018

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