Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Danfoss is a Danish industrial company, a manufacturer of innovative energy-efficient solutions for heating and cooling, ventilation and air conditioning systems.

 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
119
Assets(RF), mln.USD
74
Capital(RF), mln.USD
68
Staff(RF), 2021
1435
Glob.Revenue, mln.USD
11330
The Company Statement
July 15, 2022

Exit Russia completely: Danfoss have signed agreement to divest the business in Russia and Belarus (from December 2022) to the local management to exit Russia completely. Over the past five months in 2024, Danfoss products worth more than DKK 13m have ended up in Russia despite EU sanctions, according to Radio IIII based on information from Russian customs authorities collected by the US data company ImportGenius.

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Statements Archive
August 13, 2024Danfoss products worth millions have ended up in Russia despite sanctions
July 15, 2022Danfoss to sell Russian concerns to local management
July 15, 2022Denmark's Danfoss to sell Russia, Belarus business to local management
April 01, 2022Danfoss prepares to exit Russia and Belarus
April 01, 2022Danfoss withdraws from Russia and Belarus
March 15, 2022Statement of the Danfoss group regarding the war in Ukraine
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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