We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • ASPE Live 2022
  • PODCASTS
  • DIGITAL EDITIONS
Home » Danfoss Buys Minority Shares in Nelumbo

Danfoss Buys Minority Shares in Nelumbo

June 27, 2018
No Comments
Danfoss-Buys-Minority-Shares-in-Nelumbo

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.

Visit www.Nelumbo.io/ or www.danfoss.com.

Business Contractors & Installers Engineers & Specifiers Hydronics/Radiant Industry Community News Technology
  • Related Articles

    Former NFL Quarterback Chris Redman Shares Experience With X3 Scale Prevention Technology in Upcoming In Our Element Live Show

    Home Depot buys Interline Brands for $1.63 billion, No. 9 in The Wholesaler 100

    First Black Female Master Plumber in the U.S. Shares Her Journey

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular

  • NIBCO Expands Industry Presence with Acquisition of Matco-Norca

  • Stories From the Mechanical Room Podcast: The Math Never Lies ft. Taco Comfort Solutions' John Barba

  • Newly Released Scorecard Ranks States for Water Efficiency and Sustainability Policies

  • New 3M Docuseries Showcases Need for Diverse and Meaningful Trade Careers

Featured Video

Flow aide

JC Whitlam Flow Aide Biodegradable System Descaler Kit

Industry Events

  • 04Feb

    ASHRAE Winter Conference

    Atlanta, GA
  • 05Feb

    IMARK Plumbing Annual Meeting

    Orlando, FL
  • 06Feb

    2023 AHR Expo

    Atlanta, GA
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw02 2023 cover
    Learn More
  • Pe02 2023 cover
    Learn More
  • Phc02 2023 cover
    Learn More
  • Es 2022
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2023 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing