M&A Deal Summary

Danfoss Acquires Bock

On October 10, 2022, Danfoss acquired machinery company Bock from NORD Holding

Acquisition Highlights
  • This is Danfoss’ 2nd transaction in the Machinery sector.
  • This is Danfoss’ 1st transaction in Germany.

M&A Deal Summary

Date 2022-10-10
Target Bock
Sector Machinery
Buyer(s) Danfoss
Sellers(s) NORD Holding
Deal Type Add-on Acquisition

Target

Bock

Frickenhausen, Germany
Bock is a manufacturer of technologically sophisticated piston compressors for cooling and refrigeration technology. The market segments addressed are primarily cooling and refrigeration technology for mobile applications in the bus, rail, and transport (reefer, trucks & trailers). The areas of retail (supermarkets) and food processing as the most important stationary applications complete the Bock Group's product range. International customers are supported in over 10 sales locations worldwide. Bock was founded in 1932 and is based in Frickenhausen, Germany.

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Buyer(S) 1

Buyer

Danfoss

Nordborg, Denmark

Category Company
Founded 1933
Sector Machinery
Employees28,000
DESCRIPTION

Danfoss is a supplier of technologies and components that meet the growing need for food supply, energy efficiency, climate-friendly solutions and modern infrastructure. The Company’s wide range of products and services are used in areas such as cooling food, air conditioning, heating buildings, controlling electric motors and powering mobile machinery.


DEAL STATS #
Overall 5 of 5
Sector: Machinery M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Germany M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Eaton - Hydraulics Business

Dublin, Ireland

Eaton's Hydraulics Business provides mobile and industrial hydraulics.

Buy $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Nelumbo

Hayward, California, United States

Nelumbo provides radical, lasting technological improvement to the heating and cooling industry through an introduction to the latest developments in advanced materials. Nelumbo was founded in 2015 and is based in Hayward, California.

Sell -

Seller(S) 1

SELLER

NORD Holding

Hannover, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

NORD Holding is a private equity firm focused on investments in Germany, Austria, and Switzerland. NORD targets medium sized businesses dealing with succession issues, needing growth financing, or mezzanine capital. The Firm will consider both majority and minority situations. Sectors of interest include automotive, building materials, construction, consumer goods, finance, logistics, manufacturing, capital equipment, media, IT, optical supplies, life science, printing, service providers, shipbuilding, and trade. NORD Holding was formed in 1969 and is based in Hannover, Germany.


DEAL STATS #
Overall 31 of 34
Sector: Machinery M&A 8 of 8
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Germany M&A 28 of 30
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 LivEye

Fohren, Germany

LivEye offers technologically advanced mobile security solutions to more than 200 customers in the areas of critical infrastructure, construction, renewable energy and industry. The range of services includes analysis, documentation and intervention in the event of outdoor threats. The company has its own 24/7 alarm center, which processes incoming messages from the LivEye monitoring systems. LivEye was founded in 2019 and is based in Fohren, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-18 PDV

Erfurt, Germany

PDV is a provider of IT solutions by offering IT infrastructure consulting with focus on availability, data storage and backup, data communication and security. PDV was founded in 1990 and is based in Erfurt, Germany.

Sell -