more-inThe Indian subsidiary of Denmark based heating, ventilation and air-conditioning (HVAC) major, Danfoss is keen on acquiring start-ups, said a top official. “We are open for acquiring start-ups in the fields of energy monitoring, automation, product traceability, supply chain and food retail,” said Ravichandran Purshothaman, president, Danfoss Industries India. Acquisition of start-ups by Danfoss India is also on our radar.”“We have not set aside any budget for the acquisition. When we acquire a firm, it will cater to the needs of Danfoss globally. Smart cities are going to redefine the cities and Danfoss has a big role in it,” he said.

Source: The Hindu July 01, 2017 15:11 UTC