10 May 2020
Frese has acquired 70% of DE Valves to broaden its product portfolio for district energy. The investment allows Frese to combine its dynamic valves with DE Valves network ball valves for pre-insulation and underground installations.
"Frese is a growth-oriented company, and we aim to increase our market share in district energy. This makes DE Valves an ideal addition for us, since they can deliver an established product line and a brand, which is both well-known and respected in the sector says Frese CEO René Barington."
DE Valves provides components for some of the largest district energy companies in Denmark, including AffaldVarme Aarhus, Fjernvarme Fyn and HOFOR, as well as for major district cooling projects in the Middle East.
"This is a great match for Frese. We are ambitious when it comes to district energy, and we are continuing to develop IoT connectivity for our dynamic valves, which enables remote control. This will allow district energy companies to monitor and control central parts of their network from the office without having to put boots on the ground in order to open or close a valve. This will improve efficiency and save money on the bottom line. The communications technology we have developed for our Frese valves can be transferred to our new DE valves, CEO René Barington explains.