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Danfoss acquires British heat pump company
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Danfoss continues to invest in the promising European heat pump market.
Danfoss has entered into an agreement to take over the majority of shares in Eco Heat Pumps, Sheffield, England, which markets heat pumps in the British market. The company is among the leading players in Great Britain within its area and in a few years has grown to 30 employees. |
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Eco Heat Pumps is Danfoss’ sixth acquisition within heat pumps in less than three years. The goal is to be among Europe’s leading players within the hydronic segment, i.e. heat pumps that supply hot water for households and central heating systems. An ordinary household is able to save 50-70 per cent of the heating bill by replacing traditional oil or gas burners with, for example, a heat pump. The European consumers are becoming seriously aware of this due to the increased focus on CO2 and energy savings.
”The potential is enormous, but competition is also tough. We expect an annual market growth in Europe of approx. 30 per cent in the years to come. It is essential to establish ourselves in the key markets, while the market is still emerging, and this is the rationale behind the agreement with Eco Heat Pumps,” says Nis Storgaard.
Danfoss already delivers heat pumps to Eco Heat Pumps, which in the future will be positioned as Danfoss Heat Pumps’ sales organisation in Great Britain. |
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Taking care of your comfort and the environment - at the same time!
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The production of carbon dioxide and other gases through the burning of fossil fuels such as coal, oil and gas is the main contributor to the greenhouse effect and global climate change, causing the earth's average temperature to rise. Heat pump's have renewable solar energy at their core, helping you contribute to a cleaner environment. |
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