Posted to News on 15th Jan 2021, 08:58
Danfoss buys Artemis Intelligent Power
Danfoss says it will allow them to begin the global commercial rollout of its Digital Displacement pump technology, a disruptive low-carbon opportunity with applications in the industrial and off-highway markets
The Danfoss Group has announced the full acquisition of Artemis Intelligent Power Ltd (AIP), an R&D and engineering company based in Edinburgh that specialises in hydraulic system development. The acquisition is a key component of Danfoss’ plans to roll out its Digital Displacement® technology worldwide.
Danfoss previously announced the acquisition of the majority shares of AIP in October 2018, at that time creating a joint venture with Mitsubishi Heavy Industries in which Danfoss served as the majority shareholder. With today’s announcement, AIP completely joins the Danfoss Power Solutions organisation.
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