Danfoss and Sondex have announced an agreement, as per which Danfoss will acquire full ownership of Sondex Holding A/S. Sondex develops, produces and markets heat exchangers, and represents an ideal match with Danfoss’ heating business segment. Sondex has its headquarters in Kolding, Denmark, and employs approximately 1,200 employees worldwide. After obtaining regulatory approval for the transaction, the company will become a part of the Danfoss heating business. The parties have not yet disclosed the purchase price or other conditions of the transaction.