Jan. 3, 2013: Danfoss Acquires Full Ownership of Danfoss Turbocor Compressors
REYRIEUX, FRANCE — Danfoss announced today that it has acquired full ownership of the joint venture company Danfoss Turbocor Compressors, in which Danfoss has had a 50 percent owner’s share since 2004. The company develops and produces high-efficiency variable speed compressors in the capacity range of 75-200 tons per unit which are primarily used in very large commercial air conditioning applications.
Ricardo Schneider, CEO, Danfoss Turbocor Compressors, said, “We believe that Danfoss is the ideal single owner of this business because Danfoss is a global compressor manufacturer, a well-respected leader in our industry, and committed to the long- term success of our business and our customers’ businesses. Danfoss Turbocor is a strong link in the Danfoss strategy to differentiate by innovation with variable speed high efficiency compressors. We are delighted to become 100 percent part of Danfoss, which will support Danfoss Turbocor in executing our ambitious plans.”