Danfoss has announced that it has gained full ownership of Danfoss Turbocor. The company has had a 50 percent owner’s share since 2004. Terms of the acquisition were not disclosed.

Danfoss Turbocor develops and produces high-efficiency variable-speed compressors in the capacity range of 75-200 tons 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,” said Ricardo Schneider, CEO of 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.”