EnergyWatch

Industry family makes big bucks from sale to Danfoss

Danish family Søndergaard Nielsen is worth more than DKK 2 billion after selling company Sondex to Danfoss last year.

Photo: Danfoss/PR

The owner family Søndergaard Nielsen made a major profit on last year's sale of manufacturing company Sondex to Danfoss.

This is evident from several new financial reports from the family's companies, which had a combined profit after taxes in 2016 of DKK 1.2 billion (EUR 161 million). This is more then ten times the results booked over recent years.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

European Energy: Danish government runs risk of doing major harm to PtX

In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.

Further reading

Related articles

Latest News

See all jobs