Danfoss has purchased minority shares in Nelumbo, an American start-up company located in Hayward, California. Nelumbo has developed a surface treatment technology that can be used for improved heat exchanger performance and corrosion resistance.
“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,” said 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 & air-conditioning) market”, said Lars Rasmussen, vice president, Danfoss Cooling Heat Exchangers.
The investment gives Danfoss a first-mover advantage and a strong differentiation in the fast-growing market for heat exchanger products.
Nelumbo was formed by three engineers from the University of California, Berkeley in 2015. The company currently employs 8 people and is located in Hayward, California.