Approval: Green light for associated company Semikron Danfoss

NUREMBERG, Germany & NORDBORG, Denmark–(BUSINESS WIRE)–SEMIKRON and Danfoss Silicon Power join forces to establish the ultimate partner in power electronics. On August 22, less than five months after its first announcement, the new leader in power semiconductor modules began operations as Semikron Danfoss.

With an existing workforce of over 3,500 dedicated power electronics specialists, Semikron Danfoss will provide world-class technology expertise to its loyal customer base. The merger comes with a solid growth plan and firm commitment to future investments, paving the way for green growth and a more sustainable, energy-efficient and decarbonized future.

The new Semikron Danfoss joint venture will be owned by the current owner families of SEMIKRON and the Danfoss Group, with Danfoss being the majority owner. Semikron Danfoss will retain the two main sites in Germany, Nuremberg and Flensburg. All global subsidiaries, production sites as well as distribution channels will continue.

Claus A. Petersen has been appointed CEO of Semikron Danfoss. “Semikron Danfoss will inspire the future. The timing of the new company is perfect. With strong growth in our key markets of automotive, industry and renewable energies, this merger is a tremendous opportunity for our customers, partners and employees. Additionally, with the emerging technology transition from silicon to silicon carbide, we are poised to become our customers’ strongest partner.

Karl-Heinz Gaubatz stepped down as CEO of SEMIKRON on August 22 to focus on his role as CTO and support the merger process until his expected retirement at the end of this year. “This is truly an exciting time for SEMIKRON and Danfoss Silicon Power! This merger is the ideal solution for everyone involved,” says Karl-Heinz Gaubatz. “We have succeeded in positioning SEMIKRON as a market leader in industrial and renewable energy module applications, with 2021 being one of the most successful years in our history. It is only fitting that we now partner with an equally driven and innovative company. »

Danfoss Chairman and CEO Kim Fausing will serve as Chairman of the Board of Semikron Danfoss. “Electrification is a key driver of the green transition, and Semikron Danfoss technologies are key components in industry, renewable energy and automotive traction.1. Combining over 90 years of technology leadership in power module packaging, we have the passion, skills, technologies and commitment to become customers’ preferred decarbonization partner.

ENDS

Semikron Danfoss

Semikron Danfoss is a global technology leader in power electronics. Our product offerings include semiconductor devices, power modules, batteries and systems.

In a world that is going electric, Semikron Danfoss technologies are more relevant than ever. Through our innovative solutions for automotive, industrial and renewable applications, we are helping the world use energy more efficiently and sustainably, significantly reducing global CO2 emissions, one of the biggest challenges we face today.

We care for our people and create value for our customers by investing significantly in innovation, technology, capability and service to deliver industry-leading performance and a sustainable future.

1 With the rise of electric mobility, the demand for electric vehicles is expected to increase by 30% every year for the next few years. Nearly 10% of global car sales were electric in 2021, four times the market share in 2019, and 64% of global passenger car sales need to be electric in 2030 to meet the net zero target of the 2050 scenario. IEA (International Energy Agency). This testifies to the huge growth potential of power modules as they are a key element to power the electric motor and vehicle chargers: https://www.iea.org/reports/global-ev-outlook-2022

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