Fidelium takes 60% of Danfoss' €200M EV power-module unit
What's the deal? Fidelium PartnersDealroom has a profile for this one. Try Dealroom → has agreed to acquire a 60% majority stake in Semikron DanfossDealroom has a profile for this one. Try Dealroom → Automotive Power Modules (SD APM), the EV power-module business carved out of DanfossDealroom has a profile for this one. Try Dealroom →. Danfoss will keep a 40% holding in the newly formed venture and stay on as a long-term partner. The price was not disclosed.
What does SD APM do? The company develops and makes power modules for electric vehicle drivetrains, supplying carmakers and Tier 1 suppliers. Headquartered in Flensburg with a second site in Nuremberg, it has about 600 employees and annual revenue of around €200 million.
Why now? The sale follows Danfoss' March 2026 move to take full ownership of Semikron Danfoss, after which it flagged the passenger-car power-module business as non-core and targeted it for divestment. The deal is expected to close by the end of the year, subject to customary approvals.
What could go wrong? The automotive-power market is not a guaranteed growth story. Danfoss' automotive business reportedly lost US$264M in 2025, underscoring the profitability challenge behind the sector's electrification promise.
The signal: The carve-out separates an automotive unit from a broader power-electronics business even as suppliers keep chasing EV opportunities — Foxconn agreed in October to take a 50% stake in Mitsubishi ElectricDealroom has a profile for this one. Try Dealroom →'s automotive components unit. The split suggests buyers still see value in EV power modules, but sellers are increasingly willing to shed the execution risk.
Read more: majunke.com
Image credit: Generated with Gemini
