Transaction

Clearwater har rådgivet OJ Electronics ved salget til Bitzer

Transaction

OJ Electronics solgt til Bitzer

Sell-side

Undisclosed

Role

Rådgiver for OJ Electronics ved salget til BITZER

Sector

Industrial & Chemicals

Region

Denmark

Clearwater har rådgivet familien Christiansen og ledelsen af OJ Electronics ved salget til HVAC&R-teknologispecialist, Bitzer.

OJ Electronics er markedsledende inden for udvikling, produktion og salg af controllers og drives til HVAC-systemer og elektrisk gulvvarme. Virksomhedens innovation bidrager til energioptimering og den grønne omstilling i bygningsmassen ved at skabe energieffektive og intelligente produkter til styring af indeklima. OJ Electronics’ produktportefølje består af controllers, termostater og drives til ventilationssystemer, herunder ventilatorer og kompressorer, samt til elektrisk gulvvarme. I regnskabsåret 2021/22 rapporterede virksomheden en omsætning på DKK 424m og en EBITDA på DKK 92m.

OJ Electronics blev stiftet i 1964, og i 1990’erne blev ejerskabet overdraget til familien Christiansen, som siden da har været majoritetsejer. Bitzer er ligesom OJ Electronics en familieejet virksomhed og har hovedsæde i Stuttgart i Tyskland. Bitzer er en global specialist inden for køleløsninger, klimaanlæg og varmepumpeteknologi og opererer fra 75 lokationer i 40 lande med over 4.000 medarbejdere.

Gennem købet af OJ Electronics investerer Bitzer i at få udbredt sin tilstedeværelse inden for elektroniske komponenter særligt ift. ventilationssystemer og elektrisk gulvvarme, hvilket understøtter et bredere udbud af energieffektivitet inden for HVAC&R-industrien gennem mere intelligente løsninger. Sidst, men ikke mindst forventes salget at skabe synergier gennem et stærkt kulturelt match og begge virksomheders markante historiske arv.

OJ Electronics headquarters building

Det er en krævende proces at sælge en virksomhed, samtidig med at man skal drive den, især når man ikke har prøvet det før. Den proces har Clearwater været kompetente til at lede og har samtidig været gode til at balancere både de involverede interessenter og potentielle købere. Bitzer er et godt match til os både strategisk og kulturelt. Matchet har også fået god anerkendelse fra vores medarbejdere, og det betyder naturligvis meget for os, at de kan se sig selv som en del af fremtidens OJ Electronics.

Erik Damsgaard, CEO og medejer, OJ Electronics
OJ Electronics headquarters building

Det var vigtigt for os at finde en køber, der er rigtig for OJ Electronics. En køber, der kan få virksomheden til at stå stærkt i fremtiden i det lokalområde, som vi skatter meget højt, og som kan give selskabet de rigtige fremtidsmuligheder. Bitzer har som os de langsigtede strategiske briller på og har afsæt i de samme familieejede værdier, og det giver tilsammen de optimale udviklingsmuligheder. Vi har haft et rigtig godt samarbejde med teamet hos Clearwater, som har formået at aligne alle de involverede interessenter og har drevet en professionel proces med et stærkt køberfelt, der i sidste ende har givet det bedste match til OJ Electronics i fremtiden.

Mads Pauli Ringkjøbing-Chrstiansen, ejer, OJ Electronics

OJ Electronics er en fantastisk virksomhed, og vi er stolte af at have rådgivet familien og ledelsen i den her transaktion. OJ Electronics’ evne til at være innovative i HVAC-industrien og udvikle energioptimerende og intelligente løsninger er et vigtigt bidrag i den mission, det er at reducere massive CO2-aftryk fra bygninger over hele verden. Kombinationen af OJ Electronics og Bitzer Electronics udgør en stærk aktør på markedet med mange store muligheder foran sig – og sammen vil de forhåbentligt drive endnu mere innovation til gavn for os alle.

Carsten Rydahl, partner, Clearwater

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