Acquisition strengthens Siemens’ fire suppression capabilities with innovative high-pressure water mist technology

Acquisition strengthens Siemens’ fire suppression capabilities with innovative high-pressure water mist technology

(IN BRIEF) Siemens Smart Infrastructure has announced its plan to acquire Danfoss Fire Safety, a subsidiary of Danfoss Group, as part of a strategic initiative to enhance its sustainable fire suppression portfolio. The acquisition aims to integrate Danfoss’s innovative high-pressure water mist technology into Siemens’ Buildings Business Unit, enabling the company to meet the growing demand for eco-friendly fire safety solutions. This move aligns with Siemens’ focus on sustainability and addresses specific needs in expanding markets, such as data centers and industrial spaces. Danfoss Fire Safety, which currently employs 125 people, will continue operating as a separate entity under the name “A Siemens Business.” The deal is subject to regulatory approval and is expected to close by the end of 2024.

(PRESS RELEASE) ZUG, 9-Oct-2024 — /EuropaWire/ — In a strategic move to enhance its sustainable offerings, Siemens Smart Infrastructure has announced its intent to acquire Danfoss Fire Safety, a leading provider of fire suppression technology and a subsidiary of Denmark’s Danfoss Group. This acquisition is set to significantly bolster Siemens’ growth trajectory in the fire safety sector, aligning with the increasing demand for sustainable solutions.

Danfoss Fire Safety, renowned for its advanced high-pressure water mist technology, will integrate into Siemens’ Buildings Business Unit. This innovative extinguishing system is recognized for its eco-friendly attributes, enabling Siemens to deliver effective and environmentally responsible fire safety solutions to clients worldwide.

“With the addition of Danfoss Fire Safety to our portfolio, Siemens is well-equipped to meet the evolving demands of the fire suppression market, particularly as sustainability becomes a central focus,” said Susanne Seitz, CEO of the Buildings Business Unit at Siemens Smart Infrastructure. “This acquisition not only enhances our capabilities but also positions us to better serve growing sectors such as data centers, industrial processes, and tunnel operations.”

Troels H. Petersen, Senior Vice President for Corporate M&A at Danfoss, remarked, “Danfoss Fire Safety has established itself as a prominent player in the global firefighting systems market. While this division has seen significant success, it no longer aligns with our strategic objectives. We believe Siemens is the right partner to take this business forward, and our immediate priority is to ensure a seamless transition for all stakeholders, including employees, customers, and suppliers.”

Danfoss Fire Safety has functioned as a fully owned, non-core division of the Danfoss Group since 2019 and currently employs around 125 professionals. Post-acquisition, it will operate as a distinct entity under the name “A Siemens Business.” The completion of this transaction is contingent upon regulatory approvals, with expectations to finalize by the end of 2024. Financial terms of the deal remain undisclosed.

Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings, and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions, and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of September 30, 2023, the business had around 75,000 employees worldwide.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company, Siemens Healthineers, a leading global medical technology provider shaping the future of healthcare.

In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

About Danfoss A/S: Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification. Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities. Our innovative engineering dates back to 1933. Danfoss is family- and foundation-owned, employing more than 41,000 people, serving customers in more than 100 countries through a global footprint of 95 factories. www.danfoss.com

Notes and forward-looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report ( www.siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

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Media Contacts:

Maike Wagner
Siemens Smart Infrastructure
+41 79 448 9214
maike.wagner@siemens.com

Eva Maria-Baumann
Siemens AG
+49 174 2358997
eva-maria.baumann@siemens.com

Mikkel Ballegaard Pedersen
Danfoss
+45 26 10 95 19
mikkel.ballegaard@danfoss.com

SOURCE: Siemens AG