Why did Danfoss take a majority share in Artemis Intelligent Power?
Artemis Intelligent Power had been developing Digital Displacement hydraulics, a unique patented technology with applications as diverse as renewable energy, rail and off-road machinery.
Artemis had a core technology development team covering the major disciplines of electronics, software, simulation, and mechanics. Its in-house ability to design and develop all aspects of our technology is the key to rapid development. They used the principles of model-based design to simulate new systems before they built them, but also used practical prototyping methods to try new ideas.
The company had a strong R&D function including development and test rigs from 250kW to 4MW, alongside an independent manufacturing group certified to ISO9001 for the production of components for Artemis Digital Displacement® pumps and motors.
In 2015 Artemis won the Royal Academy of Engineering’s MacRobert Award, in the form of a gold medal and a £50,000 prize. The MacRobert Award, first presented in 1969, ‘identifies outstanding innovation with proven commercial success and tangible social benefit’.