European Energy buys into heat pump company

The Danish project developer continues its advance into the heat pump market with an investment in compatriot supplier Soft & Teknik.

Adm. direktør i European Energy, Knud Erik Andersen. | Photo: Gregers Tycho/ERH

In early 2021, European Energy entered the market for heat pumps with the purchase of crisis-stricken manufacturer Victor A/S, which after an autumn on the verge of insolvency was finally reborn as Victor Energy Systems.

Now European Energy makes yet another addition to its umbrella unit, European Energy Heating, in buying 40-percent interest in heat pump supplier Soft & Teknik, based in Northern Danish port town Frederikshavn.

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