Danfoss, Bethpage, N.Y., purchased minority shares in Nelumbo, Hayward, Calif.
Nelumbo developed a unique surface treatment technology for improved heat exchanger performance and corrosion resistance.
With this investment, Danfoss continues to add significant new technology to its portfolio of solutions and services.
“The partnership with Nelumbo clearly demonstrates our ambition to invest in new, innovative technology and always look to engineer a better future. This is a very promising company, and we are excited about the potential Nelumbo holds for heat exchangers and the broader HVAC market,” says Jürgen Fischer, president Danfoss cooling segment.
“With this step, we will be able to offer customization capabilities that meet growing customer requirements for superior performance and reliability in the HVAC (heating, ventilation and air conditioning) market,” says Lars Rasmussen, vice president, Danfoss Cooling Heat Exchangers.
“Nelumbo and Danfoss are breaking through the fundamental challenges that heat exchangers face today,” adds Liam Berryman, Nelumbo founder and CEO. “Together, we can deliver unique functionality to customers and significantly raise the bar for what these products can do. I am very excited to see our partnership make a lasting impact on the HVAC market.”