GERMANY: Bitzer is established to acquire OJ Electronics A/S, a Danish producer of HVAC controls and drives producer.
Launched in 1964 and headquartered in Sønderborg, OJ Electronics creates controls and panels for air managing units as well as drives for lovers and compressors in ventilation systems and thermostats for electric floor heating. The company has 180 employees and offers a selection of subsidiaries and income offices in international markets, like United states of america and Poland.
“Welcoming OJ Electronics to Bitzer by investing in strength-economical and sensible electronic factors demonstrates our powerful financially rewarding growth tactic fully in the sense of “more than a compressor”,” reported Bitzer CEO Christian Wehrle.
The transaction is issue to the normal approval and is expected to close no afterwards than Q3 2023.