Danfoss strengthens electrification offering with AXCO-Motors acquisition

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Danfoss is expanding its electrification capabilities with the acquisition of AXCO-Motors.

An important player in the development and production of large electric motors and generators for off-highway applications, the newly-purchased company will help Danfoss to meet growing customer demand for emission-reducing electric solutions that offer efficiency and productivity gains.

Eric Alström, president of Danfoss Power Solutions, said, “Electrification is a global megatrend and holds very strong potential in fighting pollution and climate change. This acquisition is another commitment to broaden our mobile electrification capability as a core competency for Danfoss.

“It gives us the total package for serving our global markets with optimal solutions, and fully supports our customers’ needs — regardless of the chosen technologies. This will enable further growth in the markets we serve, and I’m really looking forward to welcoming the highly experienced and knowledgeable team from AXCO-Motors.”

AXCO-Motors, headquartered in Lappeenranta, Finland, will be integrated into Danfoss Editron — a business within the Danfoss Power Solutions arm of the company.

Kimmo Rauma, vice president of Danfoss Editron, said, “Several of our markets, such as off-highway, marine and distribution, are being challenged to reduce emissions and pollution. Mobile electric solutions are a highly relevant technology to this challenge, and AXCO-Motors is the leading expert in the large-scale power range up to 6MW and thus an important and complementary technology to our current product range, and our mission to end pollution.”

Juhana Ylikojola, CEO at AXCO-Motors, said, “We have a passion for quality and for customer-focused products that fully meet the needs and requirements of each particular client, so joining Danfoss is great for us, because we have the same focus.

“Being part of Danfoss means bigger capacity, a broader client base and possibilities for investment in innovation and market opportunities.”

Danfoss strengthens electrification offering with AXCO-Motors acquisition

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James joined the Industrial Vehicle Technology International team in 2017. Previously he was Assistant Editor on an engineering title for several years and has worked for various other trade magazines before that. James is happily married and has a young daughter who keeps him busy.

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