Danfoss to Accquire Compressor Manufacturer BOCK
Marcus Albrecht, CEO, BOCK (left) and Kristian Strand, president, Danfoss Commercial Compressors. Courtesy Danfoss.
Danfoss earlier this month announced its intent to acquire compressor manufacturer BOCK GmbH, headquartered in Frickenhausen, Germany.
Developing compressors for the natural refrigerant CO2 since 1993, BOCK is a global technology leader in the field of environmentally friendly, economical compressors.
With the acquisition, Danfoss adds the world's largest portfolio 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.
According to the International Institute of Refrigeration, refrigeration technology and air conditioning take up about 15% of the electricity consumption worldwide, making the quest for energy efficient solutions ever more relevant. Intelligent solutions, combining high energy efficiency and low-GWP refrigerants, both natural and synthetic, are the road to sustainable refrigeration and air conditioning.
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.
“The CO2 market in North America is expected to grow at a rate of 45% over the next four years. The BOCK portfolio together with other CO2 products developed by Danfoss will help to support this transition in the food retail market,” said Luis Tovar, sales development manager for commercial compressors for Danfoss North America.
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 has built a strong reputation as a high-end, quality compressor manufacturer serving mobile and stationary refrigeration systems in transport, bus, retails, logistics, storage, and food processing.
The intent to acquire BOCK GmbH comes with a firm commitment to invest in the business, paving the way for green growth, and a more sustainable, energy efficient and decarbonized future. Danfoss is confirming its pledge to speed up the green transition by broadening its scope of sustainable technologies.
The new compressor business from BOCK GmbH will be managed by Danfoss Commercial Compressors, part of Danfoss Climate Solutions.
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