04.09.2018

Danfoss acquires Axco-Motors

Danish hydraulics and control system manufacturer Danfoss has acquired Finnish motor and generator manufacturer Axco-Motors.

Headquartered in Lappeenranta, south east Finland, Axco-Motors produces direct drive permanent magnet motors and generators for off-highway vehicles, maritime vessels, wind turbines and small scale hydro electric systems. Danfoss says that the acquisition is in response to the growing customer demand for electric dive solutions to reduce emissions. The company will be integrated into Danfoss Editron, within the Danfoss Power Solutions division.

Danfoss president Eric Alström said: “Electrification is a global megatrend and holds very strong potential in fighting pollution and climate change. This acquisition is another commitment to broaden our mobile electrification capability as a core competency for Danfoss.”
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The acquisition is celebrated

Danfoss Editron vice president Kimmo Rauma added: “Several of our markets, such as off highway, marine and distribution, are being challenged to reduce emissions and pollution. Mobile electric solutions are a highly relevant technology to this challenge, and Axco-Motors is the leading expert in the large scale power range up to 6MW and thus an important and complementary technology to our current product range, and our mission to end pollution.”

Axco-Motors chief executive Juhana Ylikojola said: "We have a passion for quality and for customer focused products that fully meet the needs and requirements of each particular client, so joining Danfoss is great for us, because we have the same focus. Being part of Danfoss means bigger capacity, a broader client base and possibilities for investment in innovation and market opportunities.”