Danfoss Announces Intention to Acquire Compressor Manufacturer Bock

Danfoss announced that it is planning to acquire German compressor manufacturer Bock GmbH from private equity company Nord Holding.
This means Danfoss will be adding semi-hermetic compressors for natural refrigerants, hydrocarbons, and other low-GWP refrigerants to its already solid portfolio of oil-free centrifugal compressors, reciprocating and screw compressors, inverter-scroll, and condensing units.

Bock has built a strong reputation as a high-end, quality compressor manufacturer for both stationary and mobile refrigeration systems in transport, bus, retails, storage, logistics, and food processing, with a workforce of around 350 compressor specialists worldwide.

Danfoss will invest in the business “paving the way for green growth, and a more sustainable, energy efficient and decarbonised future”.

“It has never been more relevant to accelerate the green transition, and efficient compressors running with low GWP refrigerants are instrumental to achieving that target,” said Danfoss Climate Solutions president Jürgen Fischer. “By expanding our portfolio with the Bock range of semi-hermetic compressors we deliver on our promise to help our customers decarbonise.”

Bock CEO Dr Marcus Albrecht commented: “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.”

“The acquisition will create a unique position in the market for Danfoss’ commercial compressors business, and our customers will benefit from a complete compressor portfolio including semi-hermetic compressors for CO2, which will help in the transition to alternative refrigerants and greater energy-efficiency”, added Danfoss Commercial Compressors president Kristian Stran.

The transaction is expected to close by Q1 2023.