Siemens Automation and Drives will acquire the Flow Division of Danfoss. According to Anton S Huber, member of the A and D Group Executive Management: “With the acquisition of the Danfoss Flow Division, we consistently continue to expand our process automation sector. The Danfoss flow rate meters perfectly complement our process instrumentation and close an important product and technology gap in our portfolio. We are also considerably improving our market access to important customers and regions. The enhanced product portfolio improves our competitive position considerably and we will become an even more attractive partner for our customers”. Jorgen M Clausen, President and CEO of Danfoss, comments: “This step is intended to place the innovative Danfoss flow measurement technology in a leading market position and will allow Danfoss to concentrate on its core businesses in the future”. The agreement is designed to combine the flow activities of Siemens and the Danfoss Flow Division into a new A and D business unit, Siemens Flow Instruments, with its headquarters in Nordborg, which will be responsible worldwide for development, production and marketing. “
