Danfoss has acquired Visedo Oy, a provider of electric solutions for the off-highway and marine markets, in order to meet growing demand for electric solutions to reduce emissions and pollution and to increase productivity.
Visedo manufactures smart hybrid and electric drivetrains for electric vehicles across the marine industry, commercial vehicle, and heavy-duty machinery sectors. Visedo powertrains are suitable for hybrid and electric systems within the power range of 30-2,000kW. Visedo is headquartered in Lappeenranta, Finland.
“Acquiring new innovative technology is an important part of our investment in growth,” said Kim Fausing, president/CEO, in a press release announcing the move. “Electrification is a fast-developing area and holds tremendous potential, and Visedo is a great example of how we can focus on customer needs and at the same time strengthen our offering by providing a broader range of solutions.”
“The acquisition acknowledges the knowhow and excellence built over the years between Visedo and the Lappeenranta University of Technology,” said Tuomo Rönkkö, Chairman of the board for Visedo, in the release.
Visedo will be integrated into the Danfoss Power Solutions business segment. Danfoss says the acquisition is in line with its 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.
“We see a growing demand for electric solutions within off-highway vehicles and the marine market in response to the more stringent emissions regulations being imposed in these markets, as well as efficiency and productivity gains that these solutions bring,” Eric Alström, President, Danfoss Power Solutions, said in the release. “Danfoss will, based on this acquisition, continue to invest in electrification to further strengthen our position in the industry.”
The acquisition includes all Visedo subsidiaries globally and a design and manufacturing site located at its headquarters in Lappeenranta.