Danfoss acquires Visedo

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Climate and energy technologies producer Danfoss has announced its acquisition of Finnish electric systems manufacturer Visedo Oy, integrating the company into Danfoss’s Power Solutions business segment. The acquisition includes all Visedo subsidiaries globally and a design and manufacturing site at its headquarters in Lappeenranta. “Acquiring innovative new technology is an important part of our investment in growth, and I am excited about the really great Visedo team joining Danfoss and our future journey,” said Kim Fausing, president and CEO of Danfoss. “Electrification is a fast-developing area and holds tremendous potential, and Visedo is a great example of how we can focus on customer needs and at the same time strengthen our offering by providing a broader range of solutions.” Kimmo Rauma, head of Visedo, added, “Joining forces with Danfoss means a quantum leap for our mission to end pollution with our electric solutions. Together with Danfoss, we will have more capacity and investment for greater innovation and market opportunities.”

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Dean has been with UKi Media & Events for over a decade, having previously cut his journalistic teeth writing and editing for various automotive and engineering titles. He combines extensive knowledge of all things automotive with a passion for driving, and experience testing countless new vehicles, engines and technologies around the world. As well as his role as editor-in-chief across a range of UKi's media titles, he is also co-chair of the judging panel of the International Engine of the Year Awards.

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