Danfoss acquires a minority stake in US start-up company Nelumbo.

Danfoss, a global leader in heating, cooling, engine control systems and power solutions, has acquired a minority stake in US-based start-up company Nelumbo. Nelumbo develops a unique surface treatment technology that improves heat exchanger performance and corrosion resistance Danfoss; USA - Acquired a minority stake in Nelumbo, a California-based start-up company. With its recent investment in Nelumbo, Danfoss continues to add significant new technologies to its portfolio of solutions and services. Jürgen Fischer, Head of the Danfoss Refrigeration Division, said: "Our partnership with Nelumbo clearly demonstrates our passion to invest in new and innovative technology and always plan a better future. This is a very promising company. We are excited about Nelumbo's potential for heat exchangers and the expanding HVAC (heating, ventilation and air conditioning) market." Lars Rasmussen, Vice President of the Division of Heat Exchangers at Danfoss, said: "With this step, we will be able to respond to the growing demands of customers in the HVAC market for superior performance and reliability with our designs in this direction." Liam Berryman, CEO and co-founder of Nelumbo; "Today, Nelumbo and Danfoss are tackling the fundamental problems caused by heat exchangers. Together we can offer customers unique functions and raise the bar of these products significantly. I am thrilled to see our partnership make a lasting impact in the HVAC market." This investment will give Danfoss a first-mover advantage and strong differentiation in the fast-growing market of heat exchanger products.