Published 3.11.2025
Photo: Danfoss Climate Solutions
Building on a successful partnership in Sweden and Denmark, the partnership between ANEO Retail and Danfoss is now expanding into Norway. Backed by a Danfoss investment to drive growth and advance energy efficiency in food retail.
November 3, 2025
Building on a successful partnership in Sweden and Denmark, ANEO Retail and Danfoss have identified significant opportunities together in the Nordic food retail market—not just for energy optimization, but for a broader shift in how technical infrastructure is procured and operated. ANEO retail offers a comprehensive Energy-as-a-Service (EaaS) model that enables retailers to subscribe to fully managed technical systems, thereby reducing capital investments while ensuring stable operations, energy efficiency, and professionalized service and monitoring. All on-top of the already strong Danfoss Food Retail products including the Danfoss BOCK® Compressors & Controls Systems.
To realize the market potential, ANEO Retail is taking two strategic steps: Consolidating all Nordic operations – Norway, Sweden, and Denmark – under one umbrella in ANEO Retail International and strengthening their collaboration with Danfoss as a strategic partner and investor bringing both financial strength and deep technical expertise.
“This continued partnership is a game-changer for ANEO Retail—and for energy optimization in food retail,” says Kjetil Larsen, CEO of ANEO Retail. “Danfoss is the ideal partner, not only because of their technical expertise, but because they share our vision for smarter, more sustainable store operations. Together, we’re positioned to accelerate the shift toward energy-efficient solutions across 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 across the Nordics. The investment will be used to accelerate expansion across the Nordics, strengthen operational capacity, and further develop ANEO Retail’s EaaS offering. By combining Danfoss’ technology with ANEO Retail’s operational expertise, the partnership will meet growing demand from grocery retailers seeking smarter and more flexible infrastructure solutions. Today, ANEO Retail monitors and manages energy consumption in over 1,700 grocery stores across the Nordics within their range of services.
“Expanding our collaboration with ANEO Retail into Norway is a natural next step,” says Kristian Strand, President of Danfoss Climate Solutions. “By combining our technology leadership with ANEO Retail’s operational expertise, we can help food retailers across the Nordics cut energy use, lower costs, and reduce emissions — all while ensuring reliable, future‑proof technical infrastructure. This partnership is a perfect example of how we can accelerate the green transition in everyday operations.”
About ANEO Retail: ANEO Retail delivers comprehensive energy and operations solutions to grocery stores in the Nordics. The company monitors and optimizes energy consumption in over 1,700 stores, offering everything from technical operations to full Energy as a Service. ANEO Retail is part of the ANEO Group.
About Danfoss A/S: Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.
Our solutions are used in areas such as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, marine, and on- and off-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, storage, heat recovery, as well as contribute to district energy solutions for cities.
Our innovative engineering dates back to 1933. Danfoss is family-owned and employs over 39,000 people. We create long-term value for our customers in more than 100 countries with a global footprint of around 100 factories.
