Danfoss continues to invest in innovation to enable further growth, and has announced the agreement to acquire the Remote Control business, currently owned by the Spanish company Ikusi - a strong player in the field of telecommunication networks and wireless remote controls.
The Remote Control business of Ikusi 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 utilizing 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-art technology and a growing portfolio with strong focus on operator safety and comfort, as well as easy configuration and service. 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 includes a development and manufacturing site in Spain, and sales offices in USA, Germany and Dubai.
Remote Control is a business unit of Ikusi that designs, manufactures and sells electronic systems based on radio links for remote control of industrial machinery in a range of applications.
The acquisition is subject to necessary approvals by relevant agencies, such as competition authorities. The acquisition is expected to be fully completed during the third quarter 2018. The parties have not disclosed the purchase price or other conditions of the acquisition.