# Danfoss completes acquisition of UQM Technologies

Danfoss Power Solutions completed its merger with UQM Technologies, a Longmont, Colorado developer of electric motors, generators and power electronic controllers. Shareholders were paid $1.71 per share, and the deal adds North American manufacturing capacity to Danfoss.

- Type: Acquisition
- Announced: 2019-07-31
- Where: Longmont, Colorado, United States
- Status: completed
- Products: electric motors, generators, power electronic controllers, fuel cell compressors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Danfoss Power Solutions](https://endata.com/companies/4061.md) (acquirer)
- [UQM Technologies](https://endata.com/companies/4496.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/uqm-technologies-announces-closing-of-merger-with-danfoss-2019-09-11), 2019-09-11: "Payments to shareholders – at $1.71 per share – will begin immediately, subject to normal brokerage processing requirements."

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