Munich-based industrial holding AURELIUS AG has signed an agreement to acquire Danfoss Household Compressors from the Danfoss Group, Denmark. The Danfoss Household Compressors business with its approx. 3,000 employees is a leading manufacturer for hermetic compressors for refrigerators and freezers, light commercial applications and 12-24-48 DC compressors for mobile applications and generates annual revenues of roughly 400 million Euros.

The acquisition, which is subject to approval by various competition authorities, comprises all Danfoss Household Compressors business activities in Germany, China, Slovenia and Slovakia. Closing is expected within the next two to four months.

“With more than 50 years’ experience in compressor technology and highly committed employees, Danfoss Household Compressors is a business with significant development potential. AURELIUS plans to further grow the business, by investing into extensive product development with high energy performance as one of the important key elements. New high energy efficient compressors will be introduced to the market soon. Together with next years' heavy investments in a new innovative compressor solution, it is clear that this business settles as a long term supplier of compressors.” said Dr. Dirk Markus, CEO of AURELIUS. “We are happy to see that after the purchase of Schabmüller GmbH from Sauer Danfoss back in 2007, the Danfoss Group has again decided to sell a subsidiary to AURELIUS.”

The Household Compressors business will remain an important supplier to the Danfoss Group, as Danfoss and its sales companies have been appointed as distributor and as such will continue their existing sales activities within light commercial compressors for the market segments and regions.

Mogens Søholm, Managing Director, Danfoss Household Compressors commented: “We are convinced that we have found a new owner who will support us in completing our reorganisation activities and further develop and grow the business.”

Nis Storgaard, Chief Development Officer of Danfoss says: “As Danfoss has chosen to prioritize other areas within climate and energy, we are happy that AURELIUS will provide good and responsible ownership and support Household Compressors towards a long term strategy as a leading player in their business area.”

About Aurelius AG
AURELIUS AG is an industrial holding with a long-term investment horizon focusing on the acquisition of companies with potential for development. AURELIUS has some longstanding investment and management experience in various industries. By applying management capacities and the necessary funding for investments in innovative products, distribution and research AURELIUS constantly advances its portfolio companies. With offices in Munich and London as well as portfolio companies in Germany, England, France, Ireland, Poland, the Netherlands and Switzerland, AURELIUS operates throughout Europe. The shares of AURELIUS AG are traded on the open market of the Frankfurt stock exchange (ISIN: DE000A0JK2A8). For more information, please visit the AURELIUS AG website (see link below).