The BITZER Group announces its intent to acquire OJ Electronics A/S, headquartered in Sønderborg, Denmark. With this, BITZER is broadening its portfolio of electronic components for the HVAC&R industry.
BITZER and OJ Electronics have signed the acquisition contract.
Expansion in electronics
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 in 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 portfolio
OJ Electronics is a pioneer in the development, manufacturing, and distribution of control solutions
OJ Electronics, originally founded in 1964, is a technology and innovation pioneer 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
"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'."
energy efficiency and smart electronic components
"We are very happy to become part of the global BITZER family because we have the same culture and values. Family-oriented, trustworthy and always placing the customer in the center, 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 have a strong focus on innovation and customization.