The two global, family-owned technology companies in Power Electronics, Semikron and Danfoss Silicon Power, have announced a merger to create a joint business specialised in Power Electronics, focusing on power semiconductor modules. The business will be managed by one common leadership team.
The JV believes that with the rise of e-mobility, the demand for electric vehicles is expected to increase by 30% each year over the following years.
The JV aims to create a joint business specialised in Power Electronics, focusing on power semiconductor modules.
According to a press release from the JV, the merger comes with a firm commitment to future investments, paving the way for green growth and a more sustainable, energy-efficient and decarbonised future.
The JV will leverage its strong core business in industrial- and renewable power module applications and utilise the partnership to target a leading position in automotive power modules, the release added.
Further, the merger aims to set the trend and drive the technology shift into Silicon Carbide solutions in industrial and automotive applications.
Kim Fausing, President & CEO, Danfoss, said the companies build on a long-term partnership and more than 90 years of combined technology leadership in Power Module packaging, innovation, and customer application expertise.
With electrification driving the green transition, the companies aim to become the preferred decarbonising partner for customers. 'We have the passion, competencies and technologies to more than double our business in five years,' he added.
Karl-Heinz Gaubatz, CEO, Semikron, said that by combining its expertise as a pioneer for semiconductor technology with more than 70 years of experience in the development of top-class power modules and systems and the strength, innovativeness and fast-paced operations of Danfoss Silicon Power and the Danfoss Group, it is positioned ideally to become one of the strongest players in power electronics.