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NEWS
Danfoss to acquire Bock
D
anfoss has announced its intention to acquire compressor manufacturer
Bock, headquartered in Frickenhausen, Baden-Württemberg, Germany, from Nord Holding. With over 50 years of history and assets under management of € 2.5 billion, Nord Holding is one of the leading private equity asset management companies in Germany. Developing compressors for the since 1993,
natural refrigerant CO2
Bock is a global technology leader in economical compressors. According to the International Institute of Refrigeration, refrigeration technology and air conditioning take up about 15 % of the electricity consumption worldwide, making the ever more relevant. Intelligent solutions, combining high energy both natural and synthetic, are the road to sustainable refrigeration and air conditioning.
By acquiring Bock, Danfoss takes
a proactive approach to further the development and use of low- global warming and to ensure the competitiveness of the industry. With the acquisition, Danfoss adds the world’s largest portfolio of semi-hermetic compressors for
natural refrigerants such as CO2 (R744), hydrocarbons, and other strong portfolio of oil-free centrifugal compressors, inverter-scroll, reciprocating and screw compressors, and condensing units. 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
invest in the business, paving the way for green growth, and a more decarbonized future. Danfoss is green transition by broadening its scope of sustainable technologies. Danfoss Climate Solutions president
Jürgen Fischer, said: “It has never been more relevant to accelerate refrigerants are instrumental to achieving that target. By expanding our portfolio with the Bock range of semi-hermetic compressors we deliver on our promise to help our customers decarbonise. The potential for cutting CO2
emissions is huge!“ Danfoss Commercial Compressors
“The acquisition will create a unique position in the market for Danfoss’ Commercial Compressors business, a complete compressor portfolio including semi-hermetic compressors for CO2
AD , which will help in the transition
to alternative refrigerants and greater Bock chief executive Dr. Marcus
Albrecht said: “This really is an exciting moment for all of us. After our strong and successful growth in the last two years, now becoming part of the Danfoss family will open new business opportunities for Bock. Based on our close partnership, we can say with certainty that together we are ideally positioned to become one of the strongest players in the compressor business globally. Not only do we share the same ideas of how to develop the business, but we also have the same values when it comes to our
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