Bitzer www . refrigerationandaircon . co . za RACA Journal I July 2023 3
News
BITZER ANNOUNCES INTENT TO ACQUIRE DANISH COMPANY OJ ELECTRONICS
Sønderborg / Sindelfingen , 25.05.2023 . The BITZER Group has announced its intent to acquire OJ Electronics A / S , headquartered in Sønderborg , Denmark . With this , BITZER is broadening its portfolio for electronic components for the HVAC & R industry .
BITZER and OJ Electronics have signed the acquisition contract . The transaction is subject to the usual approval and is expected to close no later than in Q3 2023 . With the acquisition , BITZER as a specialist for refrigeration , air-conditioning and heat pump technology is investing in broadening its scope for electronic components especially in air handling and floor heating systems – and supporting energy efficiency in the HVAC & R industry as well as intelligent solutions for heating .
OJ Electronics , originally founded in 1964 , is a technology and innovation leader in the development , manufacturing and distribution of control solutions for ventilation systems and electric floor heating . Its product portfolio consists of controls and panels for air handling units as well as drives for fans and compressors in ventilation systems and thermostats for electric floor heating .
CULTURAL FIT FOR ENERGY EFFICIENCY AND SMART ELECTRONIC COMPONENTS “ Family orientation and innovation is what makes both OJ Electronics and us successful – and we are sure that this cultural fit will lead to even greater success ,” says Christian Wehrle , CEO of the BITZER Group . “ Welcoming OJ Electronics to BITZER by investing in energy-efficient and smart electronic components shows our strong profitable growth strategy entirely in the sense of ‘ more than a compressor ’.”
‘ We are very happy to become part of the global BITZER family because we have the same culture and values . Familyoriented , trustworthy and always placing the customer in the centre – these are the most important values for both of our companies , says Erik Damsgaard , CEO of OJ Electronics . The company employs over 180 people based in the headquarters in Sønderborg , Denmark . The developer and manufacturer of electronic components for ventilation and electric floor heating systems has a strong focus on innovation and customisation . RACA
Rainer Große-Kracht ( left ), vice chairman of the Board and CTO of BITZER , and Christian Wehrle ( right ), CEO of BITZER , welcome Erik Damsgaard ( centre ), CEO of OJ Electronics , into the BITZER family .
Bitzer www . refrigerationandaircon . co . za RACA Journal I July 2023 3