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Danfoss Acquires British Heat Pump Company |
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Tuesday, 29 April 2008 |
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Danfoss has entered into
an agreement to take over the majority of shares in Eco Heat Pumps, Sheffield, England,
which markets heat pumps in the British market. The company is among the leading players in Great Britain within its
area and in a few years has grown to 30 employees.
 Eco Heat Pumps is Danfoss’ sixth acquisition within heat pumps in less than
three years. The goal is to be among Europe’s leading players within the
hydronic segment, i.e. heat pumps that supply hot water for households and
central heating systems. Danfoss already delivers heat pumps to Eco Heat Pumps,
which in the future will be positioned as Danfoss Heat Pumps’ sales
organisation in Great Britain,
reveals the company’s press release.
”It is essential to establish ourselves in the key markets, while the
market is still emerging, and this is the rationale behind the agreement with
Eco Heat Pumps,” says Nis Storgaard, Division President, Danfoss Heating
Division. Eco Heat Pumps’ previous owner, Phil Moore, will continue as Managing
Director of the company. ”We are very pleased that Danfoss wanted to take
ownership of our business. We have expanded rapidly
during the last years, and with Danfoss behind us, we are ready to accelerate
even further,” says Moore. |
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