© Danfoss Electronics Production | November 02, 2017
Danfoss acquires electric solutions company Visedo
Danfoss continues to invest to further its growth – this time with the acquisition of Visedo Oy, an expert in electric solutions for the off-highway and marine markets.
With this step, Danfoss is responding to a growing customer demand for electric solutions to reduce emissions and pollution and to increase productivity. Visedo is headquartered in Lappeenranta in Finland. “Acquiring new innovative 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. 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,” says Kim Fausing, president and CEO. "This is a great day for Lappeenranta,” says Tuomo Rönkkö, Chairman of the board for Visedo. “The acquisition acknowledges the knowhow and excellence built over the years between Visedo and the Lappeenranta University of Technology. The long-term commitment of the original investors and the ability to find the best experts to work for the company have been the base for this success story. We are happy the story will continue and bring more investments to the entire region.” Visedo will be integrated into the Danfoss Power Solutions business segment. The acquisition of this electric systems business is in line with Danfoss’ strategic focus on adding electric solutions as a key competency and a key part of the company’s approach to enable electrification across the global businesses. “With this acquisition, we position Danfoss and the Danfoss Power Solutions business even stronger. We see a growing demand for electric solutions within off-highway vehicles and the marine market in response to the more stringent emissions regulations being imposed in these markets, as well as efficiency and productivity gains that these solutions bring. Danfoss will, based on this acquisition, continue to invest in electrification to further strengthen our position in the industry. I look forward to welcoming the highly experienced and dedicated Visedo team to Danfoss and to our business,” says Eric Alström, President, Danfoss Power Solutions. "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,” says Kimmo Rauma, Head of Visedo. The acquisition includes all Visedo subsidiaries globally and a design and manufacturing site located at its headquarters in Lappeenranta. The parties have not disclosed the purchase price or other conditions of the acquisition.
Plessey partners with Axus Technology Plessey, an embedded technologies developer, is partnering with Axus Technology (Axus), a provider of CMP, wafer thinning and wafer polishing surface-processing solutions for semiconductor applications, to bring high-performance GaN-on-Silicon monolithic microLED technology to the mass market.
GPV Electronics CN resumes production On 19 February 2020, the Chinese Central Government informed that all enterprises in the Guangdong province are now allowed to resume production.
Nano Dimension moves its main commercial activity to USA Nano Dimension announces that the company is establishing its headquarters for the Americas in South Florida.
Rockwell Automation inks deal for Italy’s ASEM Rockwell Automation Inc. has signed a purchase agreement to acquire digital automation technologies provider ASEM S.p.A.
IFR releases ‘Top Trends 2020 Robotics’ The International Federation of Robots (IFR) has forecasted an uptick of 2 million industrial factory robotic units in the next two years.
Paslin, Rivian fuel EV factory expansion The Paslin Company, a builder of robotic assembly lines for Tier 1 suppliers and OEM auto companies, is expanding in Warren, Michigan.
Nokia plans to acquire US-based company The Finnish telecom company is planning to acquire Elenion Technologies, a U.S.-based company focusing on silicon photonics technology.
neutec electronic to handle Asymtek and Dima in Switzerland Asymtek, a part of Nordson Electronics Solutions - announces that their distributor, neutec electronic AG, has expanded its representation of all Asymtek and DIMA products to the French-speaking areas of Switzerland.
BMZ subsidiary Poland reports successful business year 2019 BMZ Poland, the second largest production site of the BMZ Group, is expanding its production area and is reporting 10% sales growth and thereby reached record results for the business year 2019.
Scanfil CEO: ‘Our operations are making good progress’ The last quarter of 2019 was the strongest one for the EMS provider. Scanfil recorded a turnover of EUR 155 million, a growth of EUR 15 million or 10% year-over-year.
Prime Technological Services acquire ITS EMS provider Prime Technological Services LLC has acquired Georgia-based I Technical Services (ITS).
Florida’s Sypris snags BAE Systems contract Sypris Electronics LLC, a subsidiary of Sypris Solutions Inc., has won a contract award from London-based BAE Systems’ Electronic Systems sector.
Into the future, San Diego style IPC APEX EXPO, the North American electronics manufacturing industry’s biggest gig, has left the teenage years behind with this year’s 20th anniversary show held Feb 3-8 in San Diego.
5 semiconductor companies hold 53% of global wafer capacity The world’s top-five wafer capacity leaders each had capacity of more than 1,000,000 wafer starts per month, says IC Insights.
Global DRAM revenue holds steady in 4Q19 The DRAM inventory finally returned to a relatively normal level for most OEMs in 4Q19 after nearly three consecutive quarters of adjustments, says the DRAMeXchange research division of TrendForce.
Mitsubishi Electric completes new satellite production facility Mitsubishi Electric has completed construction of a new facility for the production of satellites at the company’s Kamakura Works in Kamakura, Japan.
ISS-Broadband delivered by Kongsberg Kongsberg equipment is to enable broadband transmission for the International Space Station (ISS) to 'significantly improve communication between the ESA astronauts manning the station and earth.
Mycronic receives order for an SLX mask writer Swedish equipment provider, Mycronic AB, has received an order for the new SLX mask writer from a customer in Asia. The customer already has mask writers from Mycronic.
A new production unit for mirror segments for ELT Safran's new production unit at the company's Saint-Benoît facility near Poitiers in central France will make the primary mirror segments for Europe's Extremely Large Telescope (ELT).
A more sustainable approach to semiconductor manufacturing Reuse; that is the key to driving environmental sustainability in global semiconductor manufacturing, says Steven Zhou, CEO of Moov Technologies.
Teslas German venture comes to a halt following court order A court in Germany has ordered the US electric carmaker to stop clearing the forest at its future location outside Berlin.
Marposs expands with acquisition of Stil Precision metrology equipment supplier Marposs has acquired STIL S.A.S., a French company specializing in research, development, production and sales of optical measurement instruments.Load more news