Secop

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Secop GmbH

logo
legal form GmbH
founding November 2010
Seat Flensburg , GermanyGermanyGermany 
management Ricardo Alexandre Maciel
Number of employees 110
sales 187.9 million euros
Branch Refrigeration
Website www.secop.com
As of December 31, 2014

The Secop GmbH (formerly Danfoss Compressors GmbH ) is a manufacturer of hermetic compressors for cooling circuits. Secop develops, produces and sells these compressors for three areas of application: refrigerators and freezers, small commercial cooling systems and cooling solutions for the mobile sector (12/24/48 volt direct current compressors).

The company headquarters of Secop with around 110 employees (as of 11/2013) with the research and development department, the sales division and product support is located in Flensburg . Secop also has production facilities in Slovakia and the People's Republic of China , a parts manufacturing facility in Slovenia and global sales and customer service companies.

history

Under the name Danfoss Compressors GmbH (temporarily Danfoss Household Compressors GmbH), today's company Secop belongs to the Refrigeration & Air Conditioning division of Danfoss A / S based in Nordborg, Denmark, until 2010 .

On November 29, 2010, the group legally separated from this segment of its compressor range. Danfoss Compressors was taken over by the Munich industrial holding company Aurelius AG , but will remain a close partner of the group under new ownership and will continue to sell its compressor solutions through the Danfoss Sales Network.

The companies do not disclose the value of the transaction. According to media estimates, the deal for Danfoss is relatively small: Danfoss is one of the largest industrial companies in Denmark with annual sales of more than 3.4 billion euros (at the time of the transaction) and 26,000 employees worldwide. For Aurelius, however, the takeover is seen as a major growth step (2009 sales: 760 million euros).

The acquisition by Aurelius included the complete business activity in Germany, China, Slovenia and Slovakia with a total of around 3000 employees. In the course of the takeover, Danfoss Compressors was renamed and from now on conducts its business with a new brand identity under the name Secop. Secop GmbH is a newly established company that can look back on more than 60 years of history.

Times of crisis

Even before the takeover by Aurelius, measures were taken to counteract financial crises and to absorb declines in sales. As early as 2005, for example, there was talk of years of loss in the production of household compressors and the announcement that the workforce would be cut in half. In 2009 Danfoss board member Kim Fausing also reported weekly losses in the millions due to declines in sales. The bottom line is that the workforce in Flensburg was reduced from 1,450 to around 200 between 2005 and 2010, among other things. Compressor production was also moved abroad from Flensburg in 2010. As mentioned above, only the research and development department, the sales division and product support remain in Flensburg.

After opening a new production facility in Wuqing , China, in 2009, the company decided in 2011 to rethink and optimize its production distribution in Europe. It was decided to consolidate the production facility in Slovenia in the medium term and to relocate the resources there for assembling compressors to the company's own plant in Slovakia. The 1,750 square meter production area in the town of Črnomelj was dismantled in the course of 2014 and the building was handed over to the new owner in February 2015. In June 2015, Secop moved the last employees from Slovenia.

Under Aurelius, the order situation then deteriorated again in July and August 2011. Mogens Søholm, Managing Director of Secop, announced that 20% fewer compressors had been sold in these months. This time the response was the introduction of short-time working. This should bridge the time until sales increase again. Short-time work was agreed up to September 2012 at the latest. After one month of short-time work , a social collective agreement negotiated in 2008 was terminated in November 2011 at the end of the year. Mogens Søholm justified the termination of the contract with the fact that the social collective agreement was an agreement for the Danfoss production employees who had been terminated at the time and was thus a contract from another time. The situation caused uncertainty among the workforce and outrage on the part of the works council and the union.

At the beginning of 2012, Secop announced further layoffs. The 180-strong workforce was again decimated by around 60 employees. The Secop employees protested.

present

Currently (2019) Secop has around 60 employees in Flensburg. Around 1650 people are employed in the four subsidiaries of the group.

At the China Refrigeration Exhibition in Shanghai in April 2013 , Secop presented the X-series compressors for the refrigerant R600a . The XV received an Innovation Award for its compactness and light weight.

Secop itself stated: “The new compressor series of the X series combines compactness and high performance. The XV compressors are up to 40% more efficient than comparable standard compressors, set new standards with a noise level of 32 dB (A), increase the usable volume due to the low construction height of only 100 mm and reduce costs and raw material consumption due to a weight of only 4, 8 kg. "

In April 2013 Secop took over the insolvent company ACC Austria GmbH in Fürstenfeld / Austria for more than 25 million euros. The compressor manufacturer ACC was forced to file for bankruptcy after its Italian parent company and a German subsidiary went bankrupt at the end of 2012 . In 2012, ACC generated sales of around 150 million euros and was the largest employer in the region with around 700 employees. Secop stated that it wanted to keep the location as much as possible.

As part of the antitrust approval process, the referral procedure to the European Commission was completed in September 2013. The takeover of ACC Austria GmbH was approved on December 11, 2013. In mid-2015, however, Secop announced that 120 of the 415 employees at this location, which had been in deficit from the start, were to be dismissed and production would be relocated to Slovakia. At the end of October 2019 it was announced that the factory in Fürstenfeld will be closed until March 2020. Production is relocated to China and Slovakia, 250 employees are laid off. At the beginning of April 2020 it was reported that 170 out of 300 jobs at the Fürstenfeld location were secured. This is made possible by the sale of Secop's Delt production line to Nidec. There should be a social plan for the remaining employees.

On August 1, 2017, Aurelius sold the entire Secop Group to the Japanese stock corporation Nidec for 185 million euros . As a result, the company was officially changed from Secop GmbH to Nidec Global Appliance Germany GmbH on August 16, 2018 . On June 4, 2019, Nidec announced that the Secop Group would be sold to ESSVP IV - advised by Orlando Management AG . The reason given was antitrust concerns due to further company acquisitions in the refrigeration compressor industry by Nidec . On September 10, 2019, the transaction was officially announced as closed and Secop operated as an independent company again from that point on.

Locations and subsidiaries

Company name address country Employees (approx.)
Secop GmbH Flensburg Germany 110
Secop Compressors (Tianjin) Co., Ltd. Tianjin China 500
Secop sro Zlaté Moravce Slovakia 1,055
Secop Austria GmbH Fürstenfeld Austria 800

Note: The numbers mentioned in the context of the layoffs relate to announced job cuts. The terminations actually made cannot be clearly understood. The number of employees is also the result of re-hires, terminations by employees, retirement, etc.

Individual evidence

  1. ↑ Imprint of Secop GmbH. Retrieved October 30, 2019 .
  2. ↑ a b Federal Gazette : Annual financial statements for the business year from 01/01/2014 to 12/31/2014
  3. ↑ Secop GmbH website. Retrieved November 19, 2013.
  4. ^ Website of the Danfoss Group. Retrieved on November 19, 2013. ( Memento of the original from November 22, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.danfoss.com
  5. ↑ Press release of the Danfoss Group of November 5, 2010. Accessed on November 19, 2013.
  6. ^ Danfoss Compressors website. Retrieved on November 19, 2013. ( Memento of the original from August 15, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.danfoss.com
  7. ^ Message from Reuters UK on July 12, 2010. Accessed November 19, 2013.
  8. ↑ News in Finance Magazin on July 13, 2010. Accessed on November 19, 2013.
  9. ↑ Danfoss press release of January 20, 2005. Accessed November 19, 2013.
  10. ↑ Danfoss press release on May 27, 2009. Accessed November 19, 2013.
  11. ↑ Article in the Hamburger Abendblatt from May 27, 2009. Accessed on November 19, 2013.
  12. ↑ message on diekaelte.de March 31, 2010. Accessed November 19, 2013.
  13. ↑ Secop Plans to Consolidate European Production Sites | Secop. Retrieved November 25, 2019 .
  14. ↑ Akrapovič Moves Production Amid Expansion Drive - Invest Slovenia. Retrieved November 25, 2019 .
  15. ↑ Article in the Flensburger Tageblatt of November 3, 2011. Accessed on November 19, 2013.
  16. ↑ Article in the Flensburger Tageblatt from January 20, 2012. Accessed on November 19, 2013.
  17. ^ Minutes of the 50th meeting of the Schleswig-Holstein Economic Committee on February 1, 2012, p. 10/11. Retrieved on November 19, 2013 (PDF, 46 kB).
  18. ↑ Information about the China Refrigeration Exhibition at messeninfo.de. Retrieved November 19, 2013.
  19. ↑ Article on hydrocarbons21.com from April 16, 2013. Retrieved November 19, 2013.
  20. ↑ Secop GmbH landing page on the XV compressor. Retrieved on November 19, 2013. ( Memento of the original from December 2, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.secop.com
  21. ↑ message on juve.de of 10 May 2013. Accessed November 20, 2013.
  22. ^ Report in the Kleine Zeitung of April 24, 2013. Accessed on November 20, 2013
  23. ↑ Aurelius AG press release on April 25, 2013. Accessed on November 20, 2013.
  24. ↑ Secop GmbH press release of April 25, 2013. Accessed on November 20, 2013. ( Memento of the original from December 19, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.secop.com
  25. ↑ German refrigeration compressor maker Secop GmbH, owned by German private equity company Aurelius, to acquire Austrian industrial company ACC Austria GmbH. Retrieved December 12, 2013.
  26. ↑ Secop cancels up to 120 jobs in Fürstenfeld on ORF Steiermark from May 13, 2015, accessed on May 14, 2015.
  27. ↑ Secop stops production of compressors. In: steiermark.orf.at. October 22, 2019, accessed October 22, 2019 .
  28. ↑ Solution for Secop factory. Kleine Zeitung, April 2, 2020, p. 25
  29. ^ Nidec to Acquire Secop Group (Secop Holding GmbH and Other 3 Entities), a German Compressor Manufacturer. Retrieved October 14, 2019 .
  30. ^ Nidec Corporation has Signed an Agreement to Acquire Secop. Retrieved October 14, 2019 .
  31. ^ Change of Legal Name from Secop GmbH to Nidec Global Appliance Germany GmbH. Retrieved October 14, 2019 .
  32. ^ Nidec to Sell Its Secop Compressor Business to ESSVP IV - Advised by Orlando Management AG. Retrieved October 14, 2019 .
  33. ^ Secop: Antitrust concerns led Nidec to sell off Secop. Retrieved October 14, 2019 .
  34. ↑ ESSVP IV Completes Acquisition of Secop from Nidec. Retrieved October 14, 2019 .

Coordinates: 54 ° 48 ′ 55.9 ″  N , 9 ° 25 ′ 12.7 ″  E