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BITZER formally completes acquisition of Danish company OJ Electronics A/S
Sønderborg/Sindelfingen, 07.07.2023. BITZER, the specialist for refrigeration, air conditioning and heat pump technology, has formally completed the acquisition of Danish company OJ Electronics A/S within three weeks. With the acquisition and the consolidation of OJ Electronics and BITZER Electronics, both based in Sønderborg, BITZER manages to establish a centre of excellence for electronic components for the HVAC&R industry in Denmark.
The acquisition of OJ Electronics by BITZER was formally completed on June 16, 2023. BITZER, as a specialist for refrigeration, air conditioning and heat pump technology, is thus investing in broadening its scope for electronic components especially in air handling and floor heating systems for the HVAC&R industry. “We are very happy to be able to welcome OJ Electronics officially within BITZER”, says Christian Wehrle, CEO of the BITZER Group, “A big thank you goes to the efforts of the teams at both OJ Electronics and BITZER, who have made it possible for the completion to take place so quickly.”
Bundled forces of OJ Electronics and BITZER Electronics
OJ Electronics, originally founded in 1964, is a technology and innovation leader in the development, manufacturing and distribution of electronic components and has a strong focus on innovation and customisation. “We see a great opportunity in the bundled know-how of both OJ Electronics and BITZER Electronics”, says Christian Wehrle. “Investing in energy-efficient and smart electronic components shows our strong profitable growth strategy entirely in the sense of `more than a compressor`.
“We are very sure that, together, we are in the best position to drive innovation and growth in the future”, says Erik Damsgaard. He is CEO of OJ Electronics and, since the completion, also of BITZER Electronics. Together, the two entities employ a total of 300 people.
Here you can find the previous press release "BITZER announces intent to acquire Danish company OJ Electronics".