Danfoss sells majority of automotive power module business to Fidelium

What happened

Munich-based investment firm Fidelium Partners has agreed to become majority owner of Danfoss's automotive power module business, which will be spun out into a new joint venture with Danfoss. Around 600 employees and the production sites in Flensburg and Nuremberg, Germany, will move to the joint venture. The business is currently a division under the Semikron Danfoss brand within Danfoss Power Electronics and makes power modules for electric passenger cars. Danfoss had earlier announced it was looking for a new owner as part of its portfolio management, saying the business needed a different setup to scale significantly. Fidelium specialises in corporate carve-outs and businesses with potential for operational improvement, and manages two funds with total assets of EUR 253 million. The deal is subject to regulatory approval and is expected to close by the end of 2026; neither company discloses the purchase price or how ownership of the joint venture will be split.

Impact and signal

Affected components and suppliers

Source and time

Source: Evertiq · 11/12/2026 · View original source