Danfoss has acquired the remaining shares in Semikron Danfoss, increasing its ownership from 62% to 100% and gaining full ownership of the global leader in power electronics. The acquisition reflects Danfoss’ refocused electrification priorities and is aligned with the execution of the LEAP 2030 strategy. The transition to full Danfoss ownership will occur without changes to daily operations.
Commenting on the development, Kim Fausing, President & CEO of Danfoss, said, “As part of our strategy, LEAP 2030, we are prioritizing investments in high-value opportunities, such as electrification, within our core businesses. The full acquisition of Semikron Danfoss allows us to fully accelerate our investments in technology leadership, in advanced power modules, and industrial-scale power electronics solutions that create maximum value for our customers.”
With full ownership, Danfoss moves from a joint setup to full autonomy. This strengthens Danfoss’ ability to serve customers with industrial-scale power electronics solutions and sharpens focus on core businesses including industrial drives, renewables, data centers, energy storage solutions, off-highway and construction as well as commercial on-highway vehicles beyond electric passenger cars.
Detailing further on the complete ownership, Mika Kulju, President, Power Electronics and Drives, Danfoss, said, “Full ownership provides clearer strategic focus for Semikron Danfoss. It enhances our ability to develop technology leadership where electrification delivers the greatest value for our customers.”
Focusing on their operational strategy, Dominic Dorfner, President of Semikron Danfoss, informed, “For our customers, partners, and employees, it is business as usual. Semikron Danfoss will continue to operate in the accustomed manner, with the same dedicated teams and unchanged operational leadership. Our commitment to reliable delivery, confidentiality, and customer support remains absolute. In fact, the clarity of full ownership will improve our execution and long-term value creation, making us an even stronger partner.”
