NORD Holding has sold the BOCK Group, a global technology and innovation leader in the heating and cooling technology market, to Danfoss.

Since the company was founded in 1932, BOCK has become one of the world's technology and innovation leaders in the development of environmentally friendly, economical solutions in the areas of refrigeration, air conditioning and heating technology. With its broad product portfolio, BOCK serves both mobile (bus, truck, refrigerated containers) and stationary applications (supermarkets, food processing). With a particular focus on compressors for natural refrigerants such as CO2, hydrocarbons and other low-GWP (Global Warming Potential) refrigerants, BOCK is making a significant contribution to the climate-friendly transition in refrigeration and air conditioning technology. International production and sales locations, a high level of consulting expertise combined with strong innovative strength at the headquarters in Frickenhausen make BOCK a premium provider in the sector.

With the support of NORD Holding, BOCK has succeeded in positioning BOCK as an independent, dynamic technology leader in order to benefit as best as possible from the positive market conditions in the refrigeration, air conditioning and heating technology sector and to develop BOCK's full potential. Since NORD Holding joined, significant investments have been made, including the relocation of production facilities and the development of a new IT infrastructure.

In addition, a comprehensive strategy program was introduced that focuses on growth opportunities through the use of BOCK's technological expertise. This was the basis for strong revenue growth during NORD Holding's investment phase.

Ronald Grott, partner at NORD Holding, explained: “We at NORD Holding are very proud to be part of BOCK's success story. This transaction was something very special for us — we not only proved that we could complete a complex spin-off from an international group of companies, but also — together with the employees — created a great corporate culture, which was the basis for strong growth development. It was a great pleasure working with BOCK and the management team, and we are convinced that this successful development will continue under the new owners.”

On the part of NORD Holding, the transaction was implemented by Ronald Grott, Jan-Philipp Wilckens, Maximilian Frey and Nicolas Eidenmüller.

About BOCK

Since its founding in 1932, the Bock Group has developed into a leading manufacturer of technologically sophisticated reciprocating compressors for cooling and refrigeration technology. The targeted market segments are primarily cooling and refrigeration technology for mobile applications in bus, rail and transport (reefers, trucks & trailers). The retail (supermarkets) and food processing sectors, as the most important stationary applications, complete the Bock Group's offering. International customers are served at over 10 sales locations worldwide. The company employs around 400 people worldwide and has production sites in Frickenhausen (Germany), Stříbra (Czech Republic), Bangalore (India) and Suzhou (China).

About Danfoss

Danfoss develops solutions that increase machine productivity, reduce emissions, reduce energy consumption and enable electrification. These solutions are used in areas such as refrigeration, air-conditioning, heating, energy conversion, motor control, industrial machinery, automotive and marine. Danfoss also offers solutions for renewable energy, such as solar and wind energy, as well as for urban energy infrastructure. The innovative technologies date back to 1933. Today, Danfoss is the global market leader in many areas, employs more than 40,000 people and serves customers in more than 100 countries. Danfoss is a privately held company owned by the founding family.