Acquisition of Bock augurs well for Danfoss India

14 Mar 2023 CW Team

According to top officials, Danfoss' recent acquisition of German compressor manufacturer Bock GmbH will provide a huge opportunity in mobile air-conditioning for the latter's Indian subsidiary.

"Bock manufactures semi-hermetic compressors that use natural refrigerants like CO2. "These are game changers because they have less impact on climate change and provide higher efficiencies in storing food for longer periods of time," said Danfoss India president Ravichandran Purushothaman.

"Bock has a facility in Bengaluru Electronics City and its products are used widely in transport air-conditioning such as bus, rail, or trucks, and this will fill the gap for us," he said, stating that the acquisition bode well for Danfoss as India plans to roll out several Vande Bharat trains over the next two years.

According to Danfoss President and CEO Kim Fausing, Bock was acquired on March 1 and will be integrated into Danfoss as a business division.

Danfoss India, according to Ravichandran, hopes to double its turnover to 5,000 crore by 2025 and be ranked among the top five countries in the group. Fausing was in town to celebrate Danfoss India's Silver Jubilee.

Also Read
Godrej Properties procures 28-acre land parcel
PM dedicates key development projects in Karnataka

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..