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Danfoss Buys Minority Shares in Nelumbo

The California company developed a surface treatment technology that can be used for improved heat exchanger performance and corrosion resistance.

Danfoss purchased minority shares in Nelumbo, an American start-up company located in Hayward, Calif., which has developed a surface treatment technology that can be used for improved heat exchanger performance and corrosion resistance.

“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 of Danfoss’ Cooling Segment.

Nelumbo was formed by three engineers from University of California, Berkeley in 2015; it currently employs eight people.

“With this step, we will be able to offer customization capabilities that meet growing customer requirements for superior performance and reliability in the HVAC market,” said Lars Rasmussen, vice president, Danfoss Cooling Heat Exchangers.

Liam Berryman, CEO and one of the founders of Nelumbo, said: “Nelumbo and Danfoss are breaking through the fundamental challenges that heat exchangers face today. 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.”

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