DENMARK - Danfoss has entered into an agreement to acquire Scroll Technologies, Arkadelphia, Ark., a manufacturer of scroll compressors for HVACR applications. The company will acquire 100 percent of the equity in Scroll Technologies and will continue production at the present facilities. The acquisition is dependent on the satisfaction of certain closing conditions, including obtaining certain governmental approvals.

The closing of the transaction is expected within the next few months. Scroll Technologies has been operated as a joint venture between Carrier Corp., a unit of United Technologies Corp., and Bristol Compressors, a Johnson Controls Co. Its plant has 750 employees. In 2005, Scroll Technologies manufactured just over 500,000 compressors and had revenues of more than $125 million.

"This is an important step and an historic acquisition for Danfoss. We have now ensured ourselves a very attractive position in the compressor market for air conditioning in commercial buildings," said Niels Christiansen, executive vice president and COO of Danfoss. "At the same time, we expand our product portfolio and improve our position even in the residential market. This acquisition will clearly strengthen our ambition of further growth within a traditionally important business area for Danfoss."