Danfoss acquires Visedo Elecric Solution

Danfoss acquires Visedo – A world-leading expert in electric solutions
Danfoss continues to invest in innovation to enable further growth – now with the acquisition of Visedo Oy, a world-leading expert in electric solutions for the off-highway and marine markets. With this step, Danfoss is responding to the growing customer demand for electric solutions to reduce emissions and pollution and to increase productivity. Visedo is headquartered in Lappeenranta in Finland.
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.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.