Member News: Danfoss Acquires Artemis Intelligent Power

NFPA Member Company News

NFPA member news is designed to inform members of key industry updates in quick, bite-sized posts that provide only the most important information. This week’s update comes from Danfoss.

Danfoss logoDanfoss recently announced the full acquisition of Artemis Intelligent Power Ltd (AIP), a Scotland-based company specializing in hydraulic system development. The acquisition was initiated in October 2018, and the company’s January 2021 announcement notes that AIP has now completely joined the Danfoss Power Solutions organization. This means that about 60 employees will join Danfoss’ Digital Displacement team and the AIP brand name will be retired and its products will go to market under the Danfoss Digital Displacement brand. Read the full release here.

Is your company making news? Let us know! Send your press releases regarding acquisitions, key personnel changes, moves, and expansions to Katrina Schwarz at kschwarz@nfpa.com.