BITZER formally completes acquisition of Danish company OJ Electronics A/S

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".

As an independent specialist for refrigeration, air conditioning and heat pump technology, BITZER is present all over the world: with products and services for refrigeration, air conditioning and process cooling as well as transport, BITZER ensures optimum temperature conditions for trade in goods, industry processes and indoor climate control – always striving for the highest possible energy efficiency and quality. BITZER is represented all over the world with 75 sites in 40 countries, including its sales companies and production facilities. Trade and service partners included, the BITZER network of manufacturing, development and sales extends to almost all countries in the world. In 2022, over 4,000 employees generated a turnover of €983 million; expenditure for research and development totalled €53 million.

www.bitzer.de

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