# Danfoss buys minority shares in Nelumbo

Danfoss has purchased minority shares in Nelumbo, an American start-up in Hayward, California, that developed a surface treatment technology for heat exchangers.

- Type: Acquisition
- 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) (acquirer)
- [Nelumbo](https://endata.com/companies/32749.md) (target)

## Sources

- [achrnews.com](https://www.achrnews.com/articles/137309-danfoss-buys-minority-shares-in-nelumbo), 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."

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