LEXTAL advised Danish company Danfoss ACQ A/S and German company SEMIKRON INTERNATIONAL GmbH in acquiring approval for a merger from the national competition authority. Danfoss Group acquired a majority shareholding in SEMIKRON INTERNATIONAL GmbH.
The Danfoss Group is active in the manufacture and supply of hydraulic systems and hydraulic components, to a lesser extent electro-hydraulics and to an even lesser extent electrical components; the production of integrated, energy-efficient heating and cooling solutions, and the manufacture and distribution of various systems (e.g. low-voltage drives, decentral drives, system modules, enclosed drives, harmonic mitigation filters, motion control and servo drives and medium-voltage drives).
Semikron’s products are used in various industrial sectors, including motor drives, wind energy, solar energy, power supply, energy storage, car charging stations, process control, power supply and traction, and in particular also for use in automotive applications, including electric and hybrid passenger cars (electrified vehicles), industrial and light electric vehicles, trucks, buses and heavy-duty utility vehicles.
Both Danfoss and Semikron Group manufacture and supply power modules worldwide. The purpose of the merger was to combine two mid-sized power module manufacturers to offer better compete against the leading providers in the market.
The team was led by partner Margus Reiland and assisted by Johanna Jürima.