EnergyWatch

Danfoss merges major divisions

Going forward, Danfoss will consist of three business legs instead of four. The Danish industrial firm will also expand its presence on individual markets following a successful local approach in China.

Photo: Casper Dalhoff/ERH

Danish industrial company Danfoss enters a new phase with a transformed business that will stand on three business legs instead of four going forward. The firm will also be banking on emerging markets in particular via a regional setup, says the company's CEO in an interview with Finans.

Chief Executive Kim Fausing is merging the firm's two major businesses Heating and Cooling under a new division named Danfoss Climate Solutions for solid, strategic reasons, he says.

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