# Danfoss buys minority stake in Nelumbo

Danfoss purchased minority shares in Nelumbo, an American start-up in Hayward, California, that has developed a surface treatment technology for heat exchangers. The investment aims to enhance Danfoss's HVAC offerings.

- Type: Investment
- Announced: 2018-06-26
- Where: Hayward, California, United States
- Status: completed
- Products: surface treatment technology for heat exchangers
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Danfoss](https://endata.com/companies/1945.md) (investor)
- [Nelumbo](https://endata.com/companies/32749.md) (investor)
- [Nelumbo](https://endata.com/companies/32749.md) (partner)

## Sources

- [danfoss.com](https://www.danfoss.com/en/about-danfoss/news/cf/danfoss-dk-buys-minority-shares-in-nelumbo-us/), 2018-06-26: "The partnership with Nelumbo clearly demonstrates our ambition to invest in new, innovative technology and always look to engineer a better future."
- [danfoss.com](https://www.danfoss.com/en-gb/about-danfoss/news/cf/danfoss-dk-buys-minority-shares-in-nelumbo-us/), 2018-06-26: "Danfoss has purchased minority shares in Nelumbo, an American start-up company located in Hayward, California, USA."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.