Control and components manufacturer Danfoss has purchased Aztec Energy Partners, an energy management services business for the food retail industry.
The acquisition was completed Dec. 18. Terms of the deal were not disclosed.
Aztec Energy is based in Conyers, Ga., and has 33 employees.
“Aztec Energy is a respected and fast growing provider of energy management services to food retailers in North America,” said James Boyle, vice president for Danfoss food retail. “Danfoss is already a leading player in the market for energy management controls, and Aztec Energy possesses the ability to sell energy management know-how and real savings to retailers. Based on that, we believe that this acquisition will make a substantial impact on the market in the coming years and we are excited about the opportunities the company brings to Danfoss.”
The current president of Aztec Energy Partners, Anthony Tippins, will continue to lead the company after the acquisition.
“Danfoss and Aztec Energy have been collaborating since 2004 in the American market, providing equipment and energy savings solutions to food retail customers,” said Tippins. “We are proud to join the Danfoss family, while continuing to maintain our status as an independent provider of energy management solutions.”
Aztec energy management solutions include: project management, consulting, energy consumption and exception reporting, analysis, and corrective action services.
Danfoss acquires Aztec Energy Partners
March 2, 2007