Danfoss Expands into Electrification of On-Highway Market

Aug. 21, 2019

Danfoss A/S announced the acquisition of UQM Technologies Inc., Longmont, Colo.

Danfoss A/S announced the acquisition of UQM Technologies Inc., Longmont, Colo., a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, and industrial markets.

UQM produces motors and inverters ranging in power transmission capability to 250 kW. The acquisition brings complementary technology to Danfoss’s current product range, with inverter and motor drives rated to 6 MW for application in marine, off- and on-highway, and oil and gas industries. UQM will become part of the Danfoss’s Power Solutions group.

Kim Fausing, President & CEO of Danfoss A/S, says, “Already today we have a very broad portfolio of solutions, which plays a vital role in combating climate change and air pollution. With this acquisition, our third within electrification, we have added a well-established North American presence within electrification, which nicely complements our global footprint.”

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