Siemens to acquire fire safety business from Danfoss to strengthen sustainable portfolio

• Acquisition to enhance Siemens’ fire suppression portfolio with high-pressure water mist
• Strategic step to drive growth in key industries and accelerate transition towards sustainable fire suppression

Siemens Smart Infrastructure has agreed to acquire Danfoss Fire Safety, which specializes in fire suppression technology and is a subsidiary of Denmark-based Danfoss Group. The acquisition is expected to boost growth and accelerate the transition towards offering a sustainable fire safety portfolio.

Danfoss Fire Safety will report into the Buildings Business Unit, which is part of Smart Infrastructure, mainly enriching its portfolio with its high-pressure water mist, a superior and fast-growing fire suppression technology. The efficient extinguishing system is non-polluting, allowing Siemens to serve customers globally with an environmentally friendly solution.

“With the acquisition of Danfoss Fire Safety, Siemens will be strongly positioned to cater to a shift towards sustainability in the fire suppression market. Improving our offering will position us to better address specific needs, especially in fast growing industries such as data centers, industrial process space and tunnels,” said Susanne Seitz, CEO Buildings Business Unit at Siemens Smart Infrastructure. “This strategic step will also enhance our position in the global fire safety market, paving the way for further growth.” 

“Danfoss Fire Safety has grown into a global leader in the sales, development, production, and service of certified fixed firefighting systems. However, it falls outside our strategic focus. 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,” said Troels H. Petersen, Senior Vice President for Corporate M&A at Danfoss.

Since 2019, Danfoss Fire Safety has operated as a fully-owned, non-core business of Danfoss Group, and currently employs 125 people. It will continue to operate as a separate legal entity, under the banner “A Siemens Business”. The transaction is subject to regulatory approvals, with closing expected by the end of calendar year 2024. Terms of the transaction are not disclosed.

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Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings, and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions, and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of September 30, 2023, the business had around 75,000 employees worldwide. 

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company, Siemens Healthineers, a leading global medical technology provider shaping the future of healthcare.

In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

About Danfoss A/S: Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification. Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities. Our innovative engineering dates back to 1933. Danfoss is family- and foundation-owned, employing more than 41,000 people, serving customers in more than 100 countries through a global footprint of 95 factories. www.danfoss.com

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