Danfoss to Buy Remote Control Business from Ikusi
July 17, 2018 - Danfoss and Ikusi have reached an agreement for Danfoss to buy Remote Control from Ikusi.
Left to Right, Davide Manca, Vice President, BU CCS, Danfoss Power Solutions, Ramón Sotomayor, Board of Directors at Velatia, Ernesto Ubieto, Regional President, SER, Danfoss Pedro Esnaola, Managing Director of the Remote Control business unit, Ikusi, Mattias Ohlsson, Director of Business Integration, BU CCS, Danfoss Power Solutions
Remote Control’s business includes technologies for wireless operation of truck-mounted cranes, winches, off-road machines, and other equipment. The acquisition reflects Danfoss’ strategic focus on using connectivity as a competitive advantage.
“Acquiring new innovative technologies is an important part of our investments in developing our business, and I am excited about the team of experts from Ikusi Remote Control joining Danfoss. Remote controls hold a tremendous potential, and the acquisition is a great example of how we by adding new digital technology can strengthen our portfolio of advanced components and systems and offer a broader range of solutions to the benefit of our customers,” says Kim Fausing, Danfoss president and CEO.
Ikusi Remote Control is an innovation leader with state-of-art technology and a growing portfolio with strong focus on operator safety and comfort, as well as easy configuration and service. The Remote Control business will be integrated into the Danfoss Power Solutions business segment, says Danfoss in a news release.
Eric Alström, president, Danfoss Power Solutions, said, “By adding wireless remote control technology to our core competencies in Danfoss Power Solutions, we further strengthen our global position and our system offering as a part of the PLUS+1software development platform.”
Alström added that Danfoss has a great opportunity to differentiate itself by offering a complete system with focus on functional safety, performance, and cost-effectiveness. “I look forward to welcoming the highly experienced and knowledgeable team to Danfoss and to our business. We will invest in the business in San Sebastian which will become our center of excellence for remote controls keeping a close relationship with the community and the local university,” he said.
Iñaki Maiz, managing director of Ikusi, said, “For our Remote Control business unit to become a business within Danfoss will enable greater specialization, more capacity, and synergies for greater innovation and market opportunities.”
The acquisition includes a development and manufacturing site in Spain and sales offices in the United States, Germany, and Dubai.
The acquisition is subject to approval by relevant agencies. It is expected to be completed during the third quarter of 2018.
