Danfoss sources announced today that it has acquired full ownership of the joint venture company Danfoss Turbocor, in which Danfoss has had a 50% owner’s share since 2004. The company develops, produces and markets high-efficiency variable speed compressors in the capacity range of 75-200 ton per unit which are primarily used in very large commercial air-conditioning applications.
“We believe that Danfoss is the ideal single owner of this business because Danfoss is a global compressor manufacturer, a well-respected leader in our industry and committed to the long-term success of our business and our customers’ businesses," says Ricardo Schneider, CEO, Danfoss Turbocor. "Danfoss Turbocor is a strong link in the Danfoss strategy to differentiate by innovation with variable speed high-efficiency compressors. We are delighted to become 100 percent part of Danfoss, which will support Danfoss Turbocor in executing our ambitious plans,” Schneider says.
Danfoss has a strong position in the market for residential and commercial compressors, where the Danfoss variable speed scroll compressor range is used in applications including rooftops, data centers, chillers and variable refrigerant flow (VRF) systems. Sources say the acquisition of Danfoss Turbocor will secure the company’s leading position in variable speed compressor technology and thereby gives Danfoss decisive strategic advantages in the global air-conditioning and refrigeration market.
According to Arup Majumdar, vice president marketing, strategy, and inverter scrolls, the development of large-capacity variable speed compressors addresses a global demand for more energy-efficient solutions for cooling and heating. “Our customers are increasingly seeking energy responsible solutions for air-conditioning and refrigeration. Danfoss covers this need with variable speed technologies that consume less energy and uses more eco-friendly refrigerants," Majumdar says.
According to the International Institute of Refrigeration (IIR), 80 percent of the Green House Gasses (GHG) in the refrigeration and air-conditioning industry are released indirectly through the energy consumption of refrigeration and air-conditioning systems. The use of variable speed technology, however, significantly reduces energy consumption — and, therefore, harmful emissions — by consuming energy based on actual demand. Variable speed compressors also have a better seasonal efficiency than traditional fixed-speed compressors.
In countries where infrastructure investments are high in the areas of hospitals, large buildings and shopping malls, air-conditioning demands must be met with the least energy consuming solutions. Danfoss has the broadest portfolio of energy-efficient solutions for cooling with a variable speed compressor portfolio covering residential, commercial and now also very large commercial segments with Danfoss Turbocor compressors.
The application of the variable speed solutions from Danfoss can also contribute to the acquisition of green building status, thanks to the highly energy-efficient technology.
The installed base of over 32,000 Danfoss Turbocor compressors has already saved more than 1,500,000 tons of carbon dioxide (C02). The centrifugal compressor contributes to a smaller energy bill thanks to its high efficiency. It works without using oil as a lubricant. Instead, permanent magnetic bearings replace the oil. This reduces the frictional losses making the compressor more efficient. The oil-free operation also reduces complexity while at the same time cutting costs.
Danfoss Turbocor Inc. is headquartered in Tallahassee, FL, and employs approximately 200 employees.