Danfoss announces local management buyout of its Russian businesses

Danfoss have signed agreement to divest the business in Russia and Belarus to the local management. With the closing of the transaction, Danfoss will no longer operate in Russia and Belarus.

Due to the tragic war in Ukraine, Danfoss decided to exit Russia and Belarus on April 1, 2022. Today Danfoss announces that Danfoss has signed an agreement to divest its business to local management.