July 13, 2006: Danfoss to Acquire Scroll Technologies
NORDBORG, Denmark - Danfoss A/S has entered into an agreement to acquire Scroll Technologies, an American-based manufacturer of scroll compressors for HVACR applications. Scroll Technologies operates a plant in Arkadelphia, Ark., and 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. 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," said Niels B. Christiansen, executive vice president and COO of Danfoss.