DGAP-News: Secop GmbH sets new market standard for refrigeration compressors
(firmenpresse) - DGAP-News: Secop GmbH / Key word(s): Product Launch
Secop GmbH sets new market standard for refrigeration compressors
16.09.2013 / 11:01
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Secop GmbH sets new market standard for refrigeration compressors
- Energy-efficient XV compressor wins large scale customers - production
running
- Important milestone in the takeover of ACC Austria - completion of
transaction expected last quarter 2013
Flensburg, September 16th 2013 - Secop GmbH is underlining its innovation
leadership in advanced compressor technologies with the market introduction
of a new compressor platform for energy-efficient refrigeration appliances.
In addition, the company is passing an important milestone in the takeover
of the main assets of Austrian compressor manufacturer ACC Austria GmbH:
within the framework of the approval process in anti-trust law, the
referral procedure brought before the European Commission has been
concluded. The transaction, which is expected to be concluded in the last
quarter of 2013, will position Secop as an important independent European
manufacturer of refrigeration compressors.
Production of Secop's highly energy-efficient compressors of the new XV
platform has recently commenced. Secop GmbH has already concluded long-term
supply contracts for this innovative generation of electronically
controlled compressors incorporating variable speed motors ('variable
speed') with two large German manufacturers of household refrigeration
appliances. Numerous other manufacturers have already indicated their
interest in also obtaining XV compressors in the future. Compared with an
efficient standard compressor ('fixed speed'), the XV enables additional
energy savings in the region of 30 %. The XV also impresses in terms of
purchase criteria such as noise levels, size or weight: with only 32
decibels at the optimal operation point it is very quiet, while the
revolutionary reduced height of only 100 mm allows refrigerator
manufacturers to increase the available cooling volume. This construction
also delivers significant weight savings of around 50 % compared with
standard compressors. The associated lower material and raw material
consumption improves the competitive position and generates positive
effects throughout the entire logistics processes.
With these remarkable performance characteristics the XV allows
manufacturers of domestic appliances to raise the energy efficiency class
of a refrigerator equipped with a high efficiency standard compressor,
without any further changes, from 'A++' to the highest 'A+++' category.
Regulatory requirements are putting ever more stress on the theme of energy
efficiency, since cooling and air conditioning applications already consume
up to 20 % of global energy needs. This was demonstrated not least by the
presence of numerous new refrigerator models belonging to the highest
energy efficiency class 'A+++' at the world's leading electronics fair IFA
in Berlin, which ended last week. The issue of energy efficiency in
household refrigerators played a leading role at the IFA.
Secop CEO Mogens Søholm is proud of the development of his company: 'The
market introduction of our new technology is further proof of the
innovative potential of German SMEs ('Mittelstand' companies). Secop is
addressing the global megatrends of energy efficiency and cooling.' Not
only consumers and commercial users, but also legislators have a great
interest in energy efficient solutions. From the year 2014, EU regulations
only permit domestic refrigerators with an energy efficiency class above
'A'. According to current reports this means that the market share of
highly efficient refrigeration units of energy efficiency classes 'A++' and
'A+++' should rise from around 5 % in the year 2007 to around 30 % in the
year 2015.
Within the XV platform Secop is developing 'variable speed compressors'
that always operate at the optimal point for varying environmental
conditions. Compared with the most efficient standard compressors, this
allows additional energy savings of up to 30 %. The XV compressors include
new concepts for pump and motor technologies, base on a different
utilization of materials and are produced by an entirely new and unique
manufacturing process. The compressor is one of the most decisive
components for the energy performance of a refrigeration unit.
Secop GmbH plans to strengthen its market position in the 'household'
business area with the takeover, agreed in April 2013, of the main assets
of ACC Austria GmbH (Fürstenfeld, Austria). ACC Austria has a product range
and customer base complementary to those of Secop GmbH. The production site
of ACC Austria is among the most modern and highly automated in Europe. In
the course of the takeover, synergies will also be tapped, particularly in
the procurement areas as well as with regard to the product platforms. With
the end of the referral procedures, in which any qualified member state
could have exercised its veto option, the takeover should be registered
with the Commission, initiating an investigation by the European Commission
in terms of merger control legislation. Secop expects the resulting
decision for the last quarter of 2013.
In connection with this transaction and to finance further growth, Secop
GmbH is currently investigating several financing options which could
include, among other options, the issue of bonds.
About Secop GmbH
Based in Flensburg, Secop GmbH develops and sells hermetic refrigeration
compressors. Secop is active in the complementary business areas 'light
commercial' (compressors for bottle coolers, glass door refrigerators,
supermarket chests and marketing refrigerators), 'household' (compressors
for domestic refrigerators and freezers) and 'mobile cooling' (compressors
for e.g. truck refrigerators, vehicle mini-bars, spot coolers or battery
powered cooling). A continuous technology transfer takes place between the
business areas, allowing the market potential of innovations like the XV
generation to be leveraged across all segments.
The direct customers of Secop GmbH include Bosch-Siemens-Hausgeräte and
Liebherr, while corporations such as Audi, Coca-Cola and Nestlérank among
the indirect clients. Secop also offers its customers product innovations
as well as supporting consultancy and development services with regard to
the application and use of compressors. The company is part of the
internationally active Secop Group with an industrial history of around 60
years, which currently employs around 950 employees at the main European
sites in Flensburg and ZlatéMoravce (Slovakia). Secop GmbH has its roots
in the Danfoss Group. With the takeover of the main assets of ACC Austria
GmbH, Secop GmbH intends to further extend its product portfolio in the
'household' business area, and consolidate its position in international
competition.
Further information on the company can be found at www.secop.com.
Contact:
Mark Appoh
cometis AG
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (611) 205855-21
Fax: +49 (611) 205855-66
Email: appoh(at)cometis.de
End of Corporate News
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