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Press release

Danfoss enters into strategic partnership with DanTaet A/S

Effective May 1, 2004, the Danfoss Group has entered into a strategic partnership with DanTaet A/S, Odense, Denmark. The agreement means that Danfoss will exclusively and globally sell leakage protection products from DanTaet A/S within the field of district heating.

Troels H. Petersen, President of Danfoss District Heating Controls, and Erik Nielsen, President of DanTaet A/S, expect that the agreement will be of benefit to both companies.

"The cooperation with DanTaet gives us the opportunity to offer our customers a full range of leakage protection products and systems within the field of district heating. The products complement our existing product program, and there is an extensive demand for them," says Mr Petersen.
He says the cooperation will also make refinement and development of Danfoss' electronic products feasible with patented DanTaet technology and know-how.

Mr Nielsen says: "It will be possible for DanTaet to reach new markets and obtain a significantly increased exposure through Danfoss' extensive sales organisation."
He points out that DanTaet will benefit from being associated with Danfoss' quality standard, world-famous name and global recognition.

"We expect the agreement to result in increased growth and, so, increased employment at DanTaet A/S," says Mr Nielsen.


 

For further information, please contact:
 
Erik Nielsen,
President, DanTaet A/S, +45 6317 4500
 
Troels H. Petersen,
President, Danfoss District Heating Controls, + 45 7488 2142
 
Ole M. Daugbjerg,
Vice President Corporate Communications & Reputation Management +45 7488 2008

DanTaet A/S:

DanTaet is well consolidated and is a growth company. Dun & Bradstreet credit rates it as AAA. The company has new, modern facilities and qualified, highly motivated employees, which makes it a competent, flexible and trustworthy partner.