Danfoss Acquires UQM Technologies

August 9, 2019 Alix Paultre

Danfoss announced it will acquire all outstanding common shares of UQM Technologies, a developer of alternative energy solutions, and motors and inverters in the power range of up to 250kW.

“With this acquisition, our third within electrification, we have added a well-established North American presence within electrification, which nicely complements our global footprint. With the strong North American presence, we cement our leading position in the marine and off-highway, and now also in the on-highway markets and it enables us to stay a relevant technology partner and serve our customers where they are,” said Kim Fausing, President & CEO, Danfoss.

Learn more at www.danfoss.com.

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