Siemens strengthens its fire safety portfolio with Danfoss acquisition
Siemens Smart Infrastructure has announced plans to acquire Danfoss Fire Safety, a Denmark-based subsidiary of Danfoss Group, as reported by Siemens Smart Infrastructure.
This acquisition aims to strengthen Siemens’ presence in the global fire safety market while accelerating its transition towards sustainable fire suppression technologies.
Danfoss Fire Safety will become part of Siemens’ Buildings Business Unit.
It will enhance Siemens’ fire safety offerings, particularly with its high-pressure water mist system, a fast-growing, environmentally friendly fire suppression technology.
Siemens expects this move to provide global customers with more sustainable fire safety solutions.
Focus on sustainable fire suppression technologies
The acquisition of Danfoss Fire Safety is expected to position Siemens to address sustainability trends in fire suppression across various industries.
The addition of the water mist technology will allow Siemens to better serve industries such as data centres, industrial processes, and tunnel infrastructures, which have growing demand for advanced fire suppression solutions.
Susanne Seitz, CEO of Buildings Business Unit at Siemens Smart Infrastructure, said: “With the acquisition of Danfoss Fire Safety, Siemens will be strongly positioned to cater to a shift towards sustainability in the fire suppression market.”
Danfoss Fire Safety’s future under Siemens
Danfoss Fire Safety, which has been a fully-owned subsidiary of Danfoss Group since 2019, will continue to operate as a separate legal entity under the name “A Siemens Business.”
The company, which currently employs 125 people, has developed into a leader in fixed firefighting systems but was no longer part of Danfoss’ strategic focus.
Troels H. Petersen, Senior Vice President for Corporate M&A at Danfoss, said: “We are confident that the business, along with our Fire Safety colleagues, will thrive under Siemens’ ownership.
“Our priority now is ensuring a smooth transition for our employees, customers, suppliers, and partners.”
Transaction details and next steps
The acquisition is still subject to regulatory approvals, with the transaction expected to close by the end of 2024.
Financial terms have not been disclosed.
Siemens anticipates that the integration of Danfoss Fire Safety will further boost its global market presence and create new opportunities for growth within the fire safety industry.
Danfoss Fire Safety will continue to operate independently until the transaction is finalised.
Siemens intends to leverage Danfoss’ existing technologies to enhance its fire suppression portfolio and meet increasing global demand for sustainable solutions.
Siemens announces acquisition of Danfoss Fire Safety for sustainable growth: Summary
Siemens Smart Infrastructure has announced the acquisition of Danfoss Fire Safety, a subsidiary of the Danfoss Group.
This move aims to strengthen Siemens’ sustainable fire safety offerings, specifically through Danfoss’ high-pressure water mist fire suppression technology.
The acquisition will integrate Danfoss Fire Safety into Siemens’ Buildings Business Unit, with the company continuing to operate independently under the name “A Siemens Business.”
According to Siemens, this will enhance its ability to serve industries with growing fire safety demands.
The acquisition, subject to regulatory approval, is expected to close by the end of 2024.
Financial details of the transaction have not been disclosed.