Extract from our Nordic M&A Newsletter

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Danfoss acquires remaining shares in Finland-based Leanheat
May 7, 2019

Danfoss has taken over the full ownership of Finnish startup company Leanheat Oy, which is specialized in the optimization of heating in centrally heated buildings by using artificial intelligence and sensors. Danfoss owned a 46% stake in the Leanheat prior to the deal. Leanheat’s sales amounted to EUR 4m in 2017.

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