Dec. 29, 2006: Danfoss Acquires Aztec Energy Partners
BALTIMORE - Danfoss has acquired Aztec Energy Partners, a United States market leader in energy management services to the food retail industry. The company was established in 2003 and is based in Conyers, Ga., near Atlanta, and has 33 employees.
According to Danfoss, the market for energy management services is growing at a strong rate and is expected to top $6 billion in 2007. Energy is a leading operating cost for supermarkets and other food retailers who feel the impact of rising energy prices, and therefore seek methods for getting more out of their energy management programs and systems.
“Aztec Energy is a respected and fast growing provider of energy management services to food retailers in North America. Danfoss is already a leading player in the market for energy management controls, and Aztec Energy possesses the ability to sell energy management know-how and real savings to retailers. Based on that, we believe that this acquisition will make a substantial impact on the market in the coming years and are excited about the opportunities the company brings to Danfoss,” said James Boyle, vice president for Danfoss Food Retail.
The current president of Aztec Energy Partners, Anthony Tippins, will continue to head the company after the acquisition. “Danfoss and Aztec Energy have been collaborating since 2004 in the American market, providing equipment and energy savings solutions to food retail customers. We are proud to join the Danfoss family, while continuing to maintain our status as an independent provider of energy management solutions,” he said.
Aztec energy management solutions include project management, consulting, energy consumption and exception reporting, analysis, and corrective action services.
For more information about Danfoss, visit www.danfoss.com/north_america.
Publication date: 12/25/2006