BALTIMORE - Danfoss sold its household compressor business to Aurelius AG, a Munich, Germany-based industrial company. Danfoss Household Compressors, which operates out of the company’s headquarters in Nordborg, Denmark, has approximately 3,000 employees and manufactures hermetic compressors for refrigerators and freezers, light commercial applications, and 12-24-48 DC compressors for mobile applications.
The acquisition, which remains subject to approval by various competition authorities, comprises all Danfoss Household Compressors business activities in China, Slovenia, and Slovakia. Closing is expected within the next two to four months.
The Danfoss Sales Companies have been appointed as a distributor and will continue their existing sales activities for nonwhite good applications.