Combining the two businesses, Sondex and the Danfoss Heat Exchanger business, is an important lever to develop the already strong market position in district energy and HVAC, and to increase relevance within industries as marine, food & beverage, off-shore, and industrial refrigeration.

"Sondex and Danfoss both come from positions of strength and we already enjoy a strong and long-standing relationship in key areas. Now, we combine our businesses to make an even bigger impact in the markets we serve. I am very pleased about the opportunity to combine our strengths as I am confident that together we will have a very compelling and unmatched value proposition in the market", says Aage Søndergaard Nielsen, CEO, Sondex.

Sondex is headquartered in Kolding, Denmark and employs approximately 1,200 employees worldwide. Upon regulatory approval of the transaction, the company becomes part of the Danfoss heating business.

The parties have not disclosed the purchase price or other conditions of the transaction.

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