Danfoss Sells Majority of EV Power Module Business to Fidelium
Danfoss has agreed to sell a majority stake in its automotive power module business to Munich based investment firm Fidelium Partners, spinning the unit into a new joint venture between the two companies. Around 600 employees and the production sites in Flensburg and Nuremberg, Germany, will transfer to the joint venture. The business, currently a division under the Semikron Danfoss brand within Danfoss Power Electronics, makes power modules for electric passenger cars. Danfoss had earlier signaled it was looking for a new owner, saying the unit needed a different setup to scale significantly. Fidelium specializes in corporate carve outs. The deal needs regulatory approval and is expected to close by the end of 2026, with no purchase price disclosed.
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