Aneo Retail and Danfoss strengthen their partnership in the Nordic region

Aneo Retail has identified significant opportunities in the Nordic grocery market and is now strengthening its partnership with Danfoss, which has so far focused on a market introduction in Sweden and Denmark. ANEO Retail offers a comprehensive Energy-as-a-Service (EaaS) model that allows customers to subscribe to refrigeration and freezing systems instead of owning them. It is not just about energy optimization, but a broader approach to how technical systems are delivered and operated. This reduces capital investments while ensuring stable operation, energy efficiency, and professionalized service and monitoring. The partnership with Danfoss also provides market-leading compressors and control systems.

To realize the market potential, ANEO Retail is taking two strategic steps: Consolidating all Nordic operations – Norway, Sweden, and Denmark – under ANEO Retail International, and strengthening the partnership with Danfoss as a strategic and financial partner.

— This partnership is highly important for us – and for the energy transition we will achieve together in the grocery retail sector, says Kjetil Larsen, Managing Director of ANEO Retail International.

Olav Sem Austmo, Chairman of the Board of the same company, is also very pleased with this agreement:

— Danfoss is the ideal partner, not only because of their technical expertise and international presence, but because they share our vision of smarter and more sustainable operations. Together, we will deliver energy-efficient solutions to thousands of grocery stores.

Danfoss invests to scale operations

Danfoss will invest in ANEO Retail International over the coming years, reinforcing the partnership and enabling joint expansion in the Nordics. The investment will be used to accelerate expansion across the Nordic region, strengthen operational capacity, and develop more flexible infrastructure solutions. Today, ANEO Retail monitors and manages energy consumption for over 1,700 grocery stores across the Nordics through their Norwegian, Swedish, and Danish units.

— By combining our technical expertise with ANEO Retail's operational competence, we can help grocery chains in the Nordics cut costs, energy consumption, and greenhouse gas emissions – while maintaining reliable and future-oriented infrastructure. This partnership is a perfect example of how we can accelerate the green transition in the grocery sector, says Kristian Strand, President of Danfoss Climate Solutions.