MECHANICAL, ELECTRICAL & PLUMBING SYSTEMS
Kati ter Horst joins Aliaxis as Divisional CEO EMEA and Excom member Brussels, Belgium – “I am thrilled to welcome Kati who is such a highly experienced and internationally recognized professional. She will lead the execution of our Growth with Purpose strategy in the EMEA region. She has a strong track record in strategic developments and will bring her energy to drive growth and profitability throughout Europe, Middle East and Africa,” said Aliaxis CEO Eric Olsen. Kati ter Horst, commented: “I am excited to join Aliaxis, even more as I feel strongly connected to its purpose which is to bring solutions to the world’s water challenges and accelerate the transition to clean energy. I am very much looking forward to driving sustainable growth for the company in EMEA.” Over the last 25 years, Kati has had an international career at Stora Enso, a leading global renewable solutions provider in packaging, biomaterials, wooden construction and paper. Since 2014, she was leading the Paper Division as Executive Vice President, and a member of the Group Leadership Team of Stora Enso. Kati ter Horst. Photo: © Aliaxis
Danfoss announces intent to acquire German compressor manufacturer BOCK GmbH to strengthen expertise in CO2 and natural refrigerants technology Frickenhausen / Nordborg – Danfoss recently announced the intent to acquire compressor manufacturer BOCK GmbH, headquartered in Frickenhausen, Baden-Württemberg, Germany, from NORD Holding GmbH.
Dr. Marcus Albrecht, BOCK CEO (left) and Kristian Strand, President Commercial Compressors, Danfoss (right) celebrate the start of a new journey. Photo credit: Danfoss
With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany. Developing compressors for the natural refrigerant CO2 since 1993, BOCK is a global technology leader in the field of environmentally friendly, economical compressors. By acquiring BOCK GmbH, Danfoss takes a proactive approach to further the development and use of low-GWP refrigerants to help abate global warming and to ensure the competitiveness of the industry. With the acquisition, Danfoss adds the world’s largest portfolio of semi-hermetic compressors for natural refrigerants such as CO2 (R744), hydrocarbons, and other low-GWP refrigerants to its already strong portfolio of oil-free centrifugal compressors, inverter-scroll, reciprocating and screw compressors, and condensing units. With an existing workforce of around 350 compressor specialists worldwide and four manufacturing sites in Frickenhausen, Germany, Stribo, Czech Republic, Bangalore, India, and Suzhou, China, BOCK GmbH has built a strong reputation as a high-end, quality compressor manufacturer serving mobile and stationary refrigeration systems in transport, bus, retails, logistics, storage, and food processing. The intent to acquire BOCK GmbH comes with a firm commitment to invest in the business, paving the way for green growth, and a more sustainable, energy efficient and decarbonized future. Danfoss is confirming its pledge to speed up the green transition by broadening its scope of sustainable technologies. The new compressor business from BOCK GmbH will be managed by Danfoss Commercial Compressors, part of Danfoss Climate Solutions.
NOV-DEC 2022 SEAB
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