Danfoss announced that it has acquired full ownership of Danfoss Turbocor Compressors Inc. Turbocor began as a research and development company in 1993 in Australia before moving to Montreal in 1999. In 2004, Danfoss formed a 50-50 venture called Danfoss Turbocor. The company has since relocated its headquarters to Tallahassee, Fla.
“By fully acquiring Danfoss Turbocor, Danfoss is committing to, and investing in, the future and potential of Turbocor’s unique technology for the commercial HVAC market,” said Ricardo Schneider, president and CEO, Danfoss Turbocor. “With Danfoss’ global infrastructure and leading position in variable-speed drives and compression, we believe the acquisition will greatly benefit our business and