Industry family makes big bucks from sale to Danfoss

Danish family Søndergaard Nielsen is worth more than DKK 2 billion after selling company Sondex to Danfoss last year.

Photo: Danfoss/PR

The owner family Søndergaard Nielsen made a major profit on last year's sale of manufacturing company Sondex to Danfoss.

This is evident from several new financial reports from the family's companies, which had a combined profit after taxes in 2016 of DKK 1.2 billion (EUR 161 million). This is more then ten times the results booked over recent years.

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