Danfoss acquires Ikusi Remote Control
The sector for electronic systems in industrial machinery has experienced exponential growth in recent years.
Danfoss, the Danish multinational in the sector, with an important plan for expansion and investment in innovation, today announced the agreement to acquire the remote control business, currently owned by the company Ikusi.
Ikusi's remote control business includes equipment and technologies for wireless operation and control of truck-mounted cranes, winches, off-road machines and other applications. The acquisition reflects Danfoss' strategic focus on the use of 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, president and CEO, and welcomes the team to Danfoss.
Ikusi Remote Control is an innovation leader with state-of-the-art technology and a growing client base. In the last few years, working hand in hand with Ikusi, Telecontrol has developed new products and services that have positioned it as a new benchmark in the mobile sector, in addition to the industrial and construction sectors, where it was already operating.
This operation will enable Telecontrol to attain greater sectoral specialization. Consequently, the new business project will allow it to strengthen its activities and develop a strategy to ensure long-term growth. The remote control business will be integrated into the Danfoss Power Solutions business segment.
“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+1® software development platform. We have a great opportunity to differentiate by offering a complete system with high focus on functional safety, best in class performance and cost-effective solutions. 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,” says Eric Alström, President, Danfoss Power Solutions.
Iñaki Maiz, Managing Director of Ikusi, points out: “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 is subject to the necessary approvals from the relevant agencies and competition authorities. Therefore, the acquisition will be fully completed during the third quarter of 2018.
About Remote Control Business Unit
Remote Control is an Ikusi business unit that designs, manufactures and sells electronic systems based on radio links for remote control of industrial machinery in a range of applications. With a workforce of 73 people, the remote control unit currently accounts for 8% of Ikusi activities.
Ikusi, created in 1971, promotes engineering and technological development for digital business transformation. It currently has a workforce of more than 800 professionals, is present in 9 countries, has customers in more than 80 countries and allocates 4% of its turnover to R&D&I investments. Further information at www.ikusiremotecontrol and www.ikusi.com
Danfoss engineers advanced technologies that enable us to build a better, smarter and more efficient tomorrow. In the world’s growing cities, we ensure the supply of fresh food and optimal comfort in our homes and offices, while meeting the need for energyefficient infrastructure, connected systems and integrated renewable energy. Our solutions are used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery. Our innovative engineering dates back to 1933 and today Danfoss holds market-leading positions, employing 27,000 and serving customers in more than 100 countries. We are privately held by the founding family. Read more about us at www.danfoss.com