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Corporation
INDUSTRIAL | Manufacturing
danfoss.com

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Investments

1

Portfolio Exits

2

Partners & Customers

10

About Danfoss

Danfoss is a manufacturer of products and services used in cooling food, air conditioning, heating buildings, controlling electric motors, compressors, Variable frequency drives and powering mobile machinery.

Danfoss Headquarter Location

Nordborgvej 81

Nordborg, 6430,

Denmark

+45 74 88 22 22

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Latest Danfoss News

Danfoss creates multi-year partnership with FAMU-FSU College of Engineering

Dec 3, 2021

Danfoss will commit $750,000 to scholarships and research collaborations over a five-year period. December 2, 2021 Danfoss and Florida State University have announced a multi-year collaboration in which Danfoss will fund scholarships and provide research opportunities for faculty and students at the FAMU-FSU College of Engineering, the joint engineering institution for Florida A&M University (FAMU) and Florida State University (FSU). The 5-year agreement establishes the Danfoss FAMU-FSU College of Engineering Fund with a $750,000 commitment from Danfoss. “This agreement is an exciting new chapter in Danfoss’ relationship with the FAMU-FSU College of Engineering,” said Ricardo Schneider, president of Danfoss Turbocor, which is based in Tallahassee, home of the College. “We have been developing a strong partnership for nearly 10 years, sponsoring undergraduate and graduate research projects, and are excited to expand our support for the development of engineering talent in the community. These scholarships will help underrepresented minority students achieve their dreams of an engineering career, bring more diversity to the profession and create a talent pipeline for our Danfoss Turbocor business.” Each academic year, the Fund will award multiple grants (expected to be around 10 per year) to undergraduate and graduate students from either university at the FAMU-FSU College of Engineering. Undergraduate fellowships will focus on first- or second-year engineering students, with a focus on first-generation college students or those who belong to an underrepresented group. Additionally, the Fund will support graduate research fellows and faculty fellows each year who are engaged in research that is of interest to Danfoss. Fellows will collaborate with selected students at the University of Southern Denmark (SDU) on graduate research projects. The students will likely spend time at each other’s campus, with support from Danfoss and the Fund. “This funding is another important step in the nearly decade-long collaboration between Danfoss and the FAMU-FSU College of Engineering, and it will be transformative in many ways,” said Farrukh Alvi, senior associate dean for research and graduate studies at the FAMU-FSU College of Engineering. “They’re providing financial support to our students who need and deserve it, while also creating a pathway for important research and international career connections that students would otherwise not have access to. This partnership is another notable step toward growing the number of career and research-ready engineers from first-generation and underrepresented groups, a high priority for both organizations.” The collaboration with SDU will provide a path for SDU students to pursue graduate engineering study at the FAMU-FSU College of Engineering in mechatronics, controls, material science and aerodynamics. Danfoss faculty fellows will provide them with mentorship and advising and the SDU students will continue their collaborations with the Danfoss graduate research fellows with guidance from FAMU-FSU Engineering and SDU faculty. Danfoss, headquartered in Denmark, has an ongoing relationship with SDU, sponsoring many activities through the company’s Mads Clausen Foundation, and this agreement will expand and strengthen the existing relationship. “We are very excited about the student exchange collaboration with Florida A&M and Florida State universities,” said Henrik Johnsen Vindt, associate professor and assistant director of international affairs at SDU’s Faculty of Engineering. “International qualifications are essential for our engineering students and this collaboration supports our effort to give future engineers a global mindset. The American students will enhance the international environment at our university, have the opportunity to experience Denmark and hopefully consider our business for employment in the future.” Related Articles

Danfoss Investments

1 Investments

Danfoss has made 1 investments. Their latest investment was in Eco Heat Pumps as part of their Growth Equity on April 4, 2008.

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Danfoss Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/9/2008

Growth Equity

Eco Heat Pumps

Yes

1

Date

4/9/2008

Round

Growth Equity

Company

Eco Heat Pumps

Amount

New?

Yes

Co-Investors

Sources

1

Danfoss Portfolio Exits

2 Portfolio Exits

Danfoss has 2 portfolio exits. Their latest portfolio exit was Danfoss - White Drive Motors & Steering Business on June 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/1/2021

Divestiture

$991

1

00/00/0000

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10

Date

6/1/2021

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

Danfoss Acquisitions

9 Acquisitions

Danfoss acquired 9 companies. Their latest acquisition was Artemis Intelligent Power on January 14, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/14/2021

Corporate Majority

$3.09M

Acquired

1

1/21/2020

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$991

$99M

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10

7/31/2019

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$99M

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10

5/7/2019

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$99M

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10

11/26/2018

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$99M

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10

Date

1/14/2021

1/21/2020

7/31/2019

5/7/2019

11/26/2018

Investment Stage

Corporate Majority

Companies

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Valuation

$991

Total Funding

$3.09M

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Danfoss Partners & Customers

10 Partners and customers

Danfoss has 10 strategic partners and customers. Danfoss recently partnered with Nixu on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/15/2021

Vendor

Nixu

Finland

1

7/13/2021

Licensor

Carnegie Robotics

United States

DAVIS at our Application Development Center. Danfoss Power Solutions and Carnegie Robotics partner to enhance autonomous solutions for the off-highway market

The system addition and partnership with Carnegie Robotics will elevate the entire solution through increased precision and the ability to automate machines with the PLUS +1 ® Autonomy Control Library .

1

3/17/2021

Partner

Seaonics

Norway

Seaonics joins Danfoss Integrator Expert Program™. Seaonics joins Danfoss Integrator Expert Program™ - Seaonics AS

Joining the program for Integrators is a summary of several years of good cooperation with Danfoss , and a positive outlook for future collaboration - comments Wojciech Maroski , Managing Director of Seaonics .

1

11/12/2020

Client

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10

10/7/2020

Partner

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10

Date

9/15/2021

7/13/2021

3/17/2021

11/12/2020

10/7/2020

Type

Vendor

Licensor

Partner

Client

Partner

Business Partner

Nixu

Carnegie Robotics

Seaonics

Country

Finland

United States

Norway

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News Snippet

DAVIS at our Application Development Center. Danfoss Power Solutions and Carnegie Robotics partner to enhance autonomous solutions for the off-highway market

The system addition and partnership with Carnegie Robotics will elevate the entire solution through increased precision and the ability to automate machines with the PLUS +1 ® Autonomy Control Library .

Seaonics joins Danfoss Integrator Expert Program™. Seaonics joins Danfoss Integrator Expert Program™ - Seaonics AS

Joining the program for Integrators is a summary of several years of good cooperation with Danfoss , and a positive outlook for future collaboration - comments Wojciech Maroski , Managing Director of Seaonics .

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Sources

1

1

1

10

10

Danfoss Team

26 Team Members

Danfoss has 26 team members, including current Chief Executive Officer, Kim Fausing.

Name

Work History

Title

Status

Kim Fausing

Chief Executive Officer

Current

Ricardo Schneider

Chief Executive Officer, President

Current

John Galyen

President

Current

Soren Kvorning

Senior Vice President

Current

Domenico Traverso

President

Current

Name

Kim Fausing

Ricardo Schneider

John Galyen

Soren Kvorning

Domenico Traverso

Work History

Title

Chief Executive Officer

Chief Executive Officer, President

President

Senior Vice President

President

Status

Current

Current

Current

Current

Current

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