Siemens Good Infrastructure has agreed to accumulate Danfoss Hearth Security, which focuses on hearth suppression know-how and is a subsidiary of Denmark-based Danfoss Group. The acquisition is anticipated to spice up progress and speed up the transition in the direction of providing a sustainable hearth security portfolio.
Danfoss Hearth Security will report into the Buildings Enterprise Unit, which is a part of Good Infrastructure, primarily enriching its portfolio with its high-pressure water mist, a superior and fast-growing hearth suppression know-how. The environment friendly extinguishing system is non-polluting, permitting Siemens to serve prospects globally with an environmentally pleasant resolution.
“With the acquisition of Danfoss Hearth Security, Siemens will probably be strongly positioned to cater to a shift in the direction of sustainability within the hearth suppression market. Bettering our providing will place us to raised deal with particular wants, particularly in quick rising industries resembling knowledge facilities, industrial course of area and tunnels,” mentioned Susanne Seitz, CEO Buildings Enterprise Unit at Siemens Good Infrastructure. “This strategic step will even improve our place within the international hearth security market, paving the way in which for additional progress.”
“Danfoss Hearth Security has grown into a worldwide chief within the gross sales, growth, manufacturing, and repair of licensed mounted firefighting methods. Nonetheless, it falls exterior our strategic focus. We’re assured that the enterprise, together with our Hearth Security colleagues, will thrive beneath Siemens’ possession. Our precedence now could be guaranteeing a easy transition for our workers, prospects, suppliers, and companions,” mentioned Troels H. Petersen, Senior Vice President for Company M&A at Danfoss.
Since 2019, Danfoss Hearth Security has operated as a fully-owned, non-core enterprise of Danfoss Group, and at present employs 125 individuals. It can proceed to function as a separate authorized entity, beneath the banner “A Siemens Enterprise”. The transaction is topic to regulatory approvals, with closing anticipated by the top of calendar 12 months 2024. Phrases of the transaction are usually not disclosed.
