# 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.

- Type: Acquisition
- Announced: 2018-09-03
- Where: Lappeenranta, Finland, Finland
- Status: completed
- Products: large electric motors, generators
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Danfoss](https://endata.com/companies/1945.md) (acquirer)
- [AXCO-Motors](https://endata.com/companies/34076.md) (target)

## Sources

- [danfoss.com](https://www.danfoss.com/en/about-danfoss/news/cf/danfoss-acquires-axco-motors-a-technology-leader-in-large-electric-solutions/), 2018-09-03: "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."
- [drivesncontrols.com](https://drivesncontrols.com/danfoss-buys-axco-finnish-maker-of-pm-motor-and-generators/), 2018-09-03: "Danfoss is buying Axco-Motors, a Finnish manufacturer of large electric motors and generators – in ratings from 250kW up to 6MW – for applications such as renewable energy, marine vessels and off-highway vehicles."
- [castren.fi](https://www.castren.fi/cases/danfoss-acquisition-of-axco-motors/), 2018-10-05: "This acquisition is another commitment to broaden our mobile electrification capability as a core competency for Danfoss."

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