Blog Limited（BOCK GmbH）Founded in 1932，It is one of the largest semi-hermetic compressor suppliers of natural refrigerants in the world.，Is a leader in technology and innovation in this area。

Through this acquisition，Danfoss further increased its investment to enrich the company's product portfolio in the field of sustainable clean technology，Accelerating the Green Transformation of Commercial Refrigeration Systems。

The acquisition is subject to regulatory approval.，It is expected to be completed by the first quarter of 2023 at the latest。

Frickenhausen, Germany / Nordburg, Denmark – Danfoss Announces Intention to Sell to Nord Holdings Limited（NORD Holding GmbH）The acquisition is based in Baden, Germany-Compressor manufacturer blog GmbH in Frickenhausen, Württemberg（BOCK GmbH）。

Nord Holdings has a history of more than 50 years.，€ 2.5 billion in assets under management，Is one of the leading private equity asset managers in Germany.。

Since 1993，The blog company has been committed to the development and production of natural refrigerant compressors such as carbon dioxide.，It's environmentally friendly、Global technology leader in economical compressors。

International Institute of Refrigeration data show，Refrigeration and air-conditioning systems account for about 15% of global electricity consumption%，So，Energy-saving and consumption-reducing solutions in this field are more important.。AdoptNatural or synthetic low GWP（GWP）Intelligent, energy-efficient solutions for refrigerants，It is an inevitable choice for the sustainable development of refrigeration and air conditioning systems.。

Through the acquisition of blogging companies，Danfoss will more actively promote the development and application of low GWP refrigerants.，To address climate change.，Keep、Enhance the competitiveness of the company in this field。

Upon completion of the acquisition，Danfoss will use the world's largest carbon dioxide（R744）、Semi-hermetic compressor portfolio for low GWP refrigerants such as hydrocarbons，Further improve its already powerful oil-free centrifugal compressor、Inverter scroll compressor、Product portfolio such as piston compressors and condensing units。

The blog company has about 350 experts in the field of compressors worldwide.，In Frikenhausen, Germany、Czech Stribo、There are four production bases in Bangalore, India and Suzhou, China。Blog company as a high-end quality compressor manufacturer，The product is in transit、Bus、Shang Chao、Logistics、High reputation in mobile and stationary applications such as warehousing and food processing。

Danfoss's Intention to Acquire Blog Company，Demonstrates a strong commitment to long-term investment in the business，For a long time、Paves the way for a green future of more sustainable and efficient decarbonization。By expanding the boundaries of green technology，Danfoss is working hard to deliver on its commitment to accelerating green transformation.。

President, Danfoss Climate Solutions

Jürgen Fischer

“Accelerating green transformation is particularly important at present.，Energy-efficient compressors with low-GWP refrigerants will help achieve the goal of green transformation.。Include blog semi-hermetic compressor series products under the banner，Join Danfoss compressor product family，Help us better fulfill our commitment to help our customers decarbonize.。”

President of Danfoss Commercial Compressor

Kristian Strand

“The acquisition will further enhance the leading position of Danfoss's commercial compressor business in the market.。Our product portfolio will be more complete.。In this way, we will create greater value for our customers.，At the same time, we will work together to promote the industry's transition to environmentally friendly refrigerants and more energy-efficient systems.。”

CEO of Blog Company

Marcus AlbrechtDoctor

“This is an exciting time for all of us.。We have achieved strong growth in the past two years.，And soon we will be part of the Danfoss family.，This will open up a whole new world of opportunities for blogging companies.。Based on the long-standing close cooperation between the two sides,，We are very sure that together, we will become one of the strong competitors in the global compressor industry.。The two companies not only share the same philosophy on business development.，In terms of how we treat our people and how we grow our business，We share the same values.。”

Upon completion of the acquisition，The compressor business previously owned by Blogger will be managed by the Commercial Compressor Division of Danfoss Climate Solutions.、Operate。