Munich-based industrial holding AURELIUS AG signed an agreement to acquire Danfoss Household Compressors from the Danfoss Group, Denmark. The Danfoss Household Compressors business with its approx. 3,000 employees is a leading manufacturer for hermetic compressors for refrigerators and freezers, light commercial applications and 12-24-48 DC compressors for mobile applications and generates annual revenues of roughly 400 million Euros.

The acquisition, which is subject to approval by various competition authorities, comprises all Danfoss Household Compressors business activities in Germany, China, Slovenia and Slovakia. Closing is expected within the next two to four months.

“With more than 50 years’ experience in compressor technology and highly committed employees, Danfoss Household Compressors is a business with significant development potential. AURELIUS plans to further grow the business, by investing into extensive product development with high energy performance as one of the important key elements. New high energy efficient compressors will be introduced to the market soon. Together with next years' heavy investments in a new innovative compressor solution, it is clear that this business settles as a long term supplier of compressors” said Dr. Dirk Markus, CEO of AURELIUS.

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