Danfoss announces the acquisition of the majority shares of Artemis Intelligent Power Ltd. (AIP), an R&D and engineering company based in Edinburgh, Scotland, specializing in hydraulic system development. The acquisition includes AIP’s Digital Displacement technology, which will enable Danfoss to develop hydraulic pumps, motors and systems with unprecedented levels of efficiency, controllability and design flexibility for customers.
Danfoss will establish a manufacturing presence in Edinburgh to deliver products to the market based on the Digital Displacement technology, while establishing Edinburgh as the Centre of Excellence for this technology.
“Digitalization is a key driver in our industry and AIP constitutes a strategic fit with our ambition for technology leadership, innovation speed, and the core product differentiators of efficiency and controllability. The Digital Displacement technology will provide Danfoss with a competitive advantage in developing innovative Danfoss products and systems and bringing them to the market. The team at AIP has the right entrepreneurial spirit and agile mindset, and I’m looking forward to welcoming them to Danfoss,” says Eric Alström, president of Danfoss Power Solutions.
Jeff Herrin, vice president of R&D at Danfoss Power Solutions, comments: “Danfoss Power Solutions and AIP have enjoyed many years of close relationship, working on the development of the Digital Displacement technology together. We look forward to commercializing the Digital Displacement technology in a new family of hydraulic pumps. With this new collaboration with both AIP and MHI, these development activities will accelerate and broaden in scope. I’m truly looking forward to working closely with MHI colleagues to fully develop the potential of the AIP business and its associated technologies.”