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Danfoss completes takeover of power expert Semikron

Business news |
By Nick Flaherty


Danfoss Power has completed the acquisition of German power semiconductor specialist Semikron to start operations as Semikron Danfoss.

The newly formed Semikron Danfoss business will be owned by the current owner-families of Semikron and the Danfoss Group, with Danfoss being the majority owner.

Semikron Danfoss will retain the two main locations in Germany, the Semikron headquarters in Nuremberg and Flensburg. All global subsidiaries, production sites, as well as distribution channels will continue with a current workforce of 3,500 power electronic specialists. Semikron had a turnover of over €452m in 2020 with 24 operating companies worldwide and with production sites

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Claus Petersen, Senior Vice President and General Manager of Danfoss Silicon Power, has been appointed CEO of Semikron Danfoss.

“The timing of the new company is perfect. With strong growth in our key markets – automotive, industry and renewables – the merger is a great opportunity for customers, partners, and our employees. Also, with the emerging technology transition from Silicon to Silicon Carbide, we are set to become the strongest partner of our customers,” he said.

Karl-Heinz Gaubatz steps down from his position as CEO of Semikron today to focus on his role as CTO and support the merger process until his planned retirement at the end of this year.

“This truly is an exciting moment for Semikron and Danfoss Silicon Power,” he said. “We have successfully positioned Semikron as a market leader in industrial- and renewable-power module applications with 2021 as one of the most successful years in our history. It is only right that we now join forces with an equally driven and innovative company.”

Danfoss President and CEO Kim Fausing will be chairman of the board of Semikron Danfoss. “Electrification is one of the main drivers in the green transition, and Semikron Danfoss technologies are key components within industry, renewable energy, and automotive traction,” he said.

www.danfoss.com

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