Shipping company TORM acquired the remaining 25% stake in Frederikshavn-based ME Production, becoming its full owner; the company will keep operating independently and develop heat pump systems.

Finland-based Vexve Group completed its acquisition of Danish dynamic balancing valve manufacturer Frese A/S after finalising the FDI filing in Denmark. The transaction was completed on 31 January 2025, and the combined company has a turnover of approximately 200 million EUR.

BITZER Group signed an acquisition contract to acquire OJ Electronics A/S, a Sønderborg, Denmark maker of control solutions for ventilation systems and electric floor heating. The deal is expected to close no later than Q3 2023, subject to usual approvals.