Danfoss sells Thermia to Stiebel Eltron
The Stiebel Eltron Group and Danfoss A/S have completed an agreement for Stiebel Eltron to acquire Danfoss’ Thermia operations, which includes the subsidiary Danfoss Värmepumpar AB in Sweden and Thermia sales activities in Finland and Norway. Bech-Bruun has assisted Danfoss A/S on the sale of Thermia.
Danfoss Värmepumpar AB, trading under the brand name Thermia, is a leading player in the heat pump market in the Nordics with annual revenues of approx. SEK 650m. Based in Arvika, Sweden, Danfoss Värmepumpar AB employs 210 people in Sweden, Finland and Norway.
Bech-Bruun has assisted Danfoss A/S as lead counsel throughout the sales process.
Read more about the agreement here.