Power electronics manufacturer SEMIKRON is merging with Danfoss Silicon Power. “The newly formed Semikron Danfoss joint business will be owned by the current owner-families of SEMIKRON and the Danfoss Group, [and Danfoss will be] the majority owner,” says Semikron Danfoss.

“Semikron Danfoss will invest significantly in innovation, technology, and capacity to enable customer’s future growth plans,” says the company.

According to the company, its global subsidiaries, production sites, distribution channels and German locations in Nuremberg and Flensburg will continue to operate.

Claus A. Petersen will be Semikron Danfoss’s CEO, and Kim Fausing will be Chairman of the Board.

Source: Semikron Danfoss