Sunday, February 25, 2024
Digital Vs Print Media

Danfoss plans to acquire German compressor manufacturer BOCK

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

NHPC, GEDCOL sign pact to develop 500 MW floating solar projects in Odisha

NHPC, GEDCOL sign pact to develop 500 MW floating solar projects in Odisha State-run hydro power giant NHPC on Wednesday...

Atlas Copco to open new Manufacturing Factory in Pune

Atlas Copco to open new Manufacturing Factory in Pune Atlas Copco, a renowned company specializing in compressors, vacuum solutions, generators,...

India launches 6 Tech innovation platforms

India launches 6 Tech innovation platformsMinister of Heavy Industries and Public Enterprises Shri Prakash Javadekar last week inaugurated (through...

Danfoss plans to acquire German compressor manufacturer BOCK

Danfoss has announced the intent to acquire compressor manufacturer BOCK GmbH, headquartered in Frickenhausen, Baden-Württemberg, Germany, from NORD Holding GmbH.

With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany.

Developing compressors for the natural refrigerant CO2 since 1993, BOCK is a global technology leader in the field of environmentally friendly, economical compressors.

“By acquiring BOCK GmbH, Danfoss takes a proactive approach to further the development and use of low-GWP refrigerants to help abate global warming and to ensure the competitiveness of the industry,” a statement issued by Danfoss said.

It adds, “With the acquisition, Danfoss adds the world’s largest portfolios of semi-hermetic compressors for natural refrigerants such as CO2 (R744), hydrocarbons, and other low-GWP refrigerants to its already strong portfolio of oil-free centrifugal compressors, inverter-scroll, reciprocating and screw compressors, and condensing units.”

With an existing workforce of around 350 compressor specialists worldwide and four manufacturing sites in Frickenhausen (Germany), Stribo (Czech Republic), Bangalore (India), and Suzhou (China), BOCK GmbH manufactures compressors for mobile and stationary refrigeration systems in transport, bus, retails, logistics, storage, and food processing.

Danfoss Climate Solutions President Jürgen Fischer, said, “By expanding our portfolio with the BOCK range of semi-hermetic compressors, we deliver on our promise to help our customers decarbonize. The potential for cutting CO2 emissions is huge!“

Danfoss Commercial Compressors President Kristian Strand adds: “The acquisition will create a unique position in the market for Danfoss’ Commercial Compressors business, and our customers will benefit from a complete compressor portfolio including semi-hermetic compressors for CO2, which will help in the transition to alternative refrigerants and greater energy-efficiency.”

BOCK CEO Dr. Marcus Albrecht says: “After our strong and successful growth in the last 2 years, now becoming part of the Danfoss family will open new business opportunities for BOCK.”

The new compressor business from BOCK GmbH will be managed by Danfoss Commercial Compressors, part of Danfoss Climate Solutions.

Subscribe to our Newsletter

Keep up with the latest industry news in India and around the world by subscribing to our industrial news update. This way, you'll always be in the know about what's happening in your industry, and you can stay ahead of the competition.

Digital Vs Print Media
mojo4industry on google news

Tech Talks

Panvel Bound Flyover at Shil Phata Junction Opens

Panvel Bound Flyover at Shil Phata Junction Opens The Panvel Bound Flyover at Shil Phata Junction on NH-48 (Old Mumbai...
hm24 socials energizing story 1080x1920px gb mlogo
mojo4industry podcast episodes click here to listen