Announced
Synopsis
Danofss, which manufactures products and provides services used in cooling food, air conditioning, heating buildings, controlling electric motors, gas compressors, variable-frequency drives and powering mobile machinery, acquired AAIM Controls, a supplier of control products for industrial automation. Financial terms were not disclosed. Jürgen Fischer, president of Danfoss Cooling, said, “We consistently look to strengthen our core businesses by partnering with other successful companies and acquiring technology that complements the solutions we offer our customers. By adding electronic regulation and control automation to our already-extensive portfolio of components for industrial refrigeration applications, we strengthen our global position by becoming a systems provider in the industrial refrigeration market.”
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