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Danfoss offices raided by anti-trust authorities

DRAMATIC raids have been carried out at Danfoss sites in Denmark, Germany and the United States as part of investigations into suspicions of a global compressor market cartel.
Danfoss has confirmed anti-trust authorities are investigating the Danish firm as part of a cartel probe into alleged collusion and price fixing in the compressor industry.

Raids have been carried out by the European Union commission on the offices of several compressor industry companies. Searches and subpoenas have gone out in several countries including Denmark, Germany, Brazil and the US.

Tecumseh Products Co. has confirmed it has received a subpoena from the US Department of Justice, as part of the global probe.

Under EU law, companies can be fined as much as 10% of annual sales for breaking antitrust rules.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Enter the Clivet Assen Superbikes Competition!

Win hotels, flights, and VIP Tickets for two to watch Mikey Hardie #93 up close and personal and have the VIP Experience at British Superbikes in Assen, Netherlands....

  22-Apr-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
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