Danfoss announces local management buyout of its Russian businesses

Danfoss announces local management buyout of its Russian businesses

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Jul 21, 2022 - 08:50 Updated: May 24, 2025 - 08:50
Danfoss announces local management buyout of its Russian businesses

 Danfoss announced that the company has recently signed an agreement with local management for divesting Danfoss's business in Russia and Belarus. On 1st April 2022, Danfoss does inform regarding the temporary exit, and with this announcement, it is confirmed that the company will no longer operate in Russia and Belarus. It is expected to close all transactions by September 2022.

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