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Siemens Smart Infrastructure has agreed to acquire Danfoss Fire Safety, which specializes in fire suppression technology and is a subsidiary of Denmark-based Danfoss Group. The acquisition is expected to boost growth and accelerate the transition towards offering a sustainable fire safety portfolio.
Danfoss Fire Safety will report into the Buildings Business Unit, which is part of Smart Infrastructure, mainly enriching its portfolio with its high-pressure water mist, a superior and fast-growing fire suppression technology. The efficient extinguishing system is non-polluting, allowing Siemens to serve customers globally with an environmentally friendly solution.
“With the acquisition of Danfoss Fire Safety, Siemens will be strongly positioned to cater to a shift towards sustainability in the fire suppression market. Improving our offering will position us to better address specific needs, especially in fast growing industries such as data centers, industrial process space and tunnels,” said Susanne Seitz, CEO Buildings Business Unit at Siemens Smart Infrastructure. “This strategic step will also enhance our position in the global fire safety market, paving the way for further growth.”
“Danfoss Fire Safety has grown into a global leader in the sales, development, production, and service of certified fixed firefighting systems. However, it falls outside our strategic focus. We are confident that the business, along with our Fire Safety colleagues, will thrive under Siemens' ownership. Our priority now is ensuring a smooth transition for our employees, customers, suppliers, and partners,” said Troels H. Petersen, Senior Vice President for Corporate M&A at Danfoss.
Since 2019, Danfoss Fire Safety has operated as a fully-owned, non-core business of Danfoss Group, and currently employs 125 people. It will continue to operate as a separate legal entity, under the banner “A Siemens Business”. The transaction is subject to regulatory approvals, with closing expected by the end of calendar year 2024. Terms of the transaction are not disclosed.
