In line with the Danfoss LEAP 2030 strategy, the acquisition of Palladio Compressors marks a significant expansion of our broad compressor portfolio, covering applications from light commercial comfort to large-scale process cooling, heating, and refrigeration. Over the past two years, Danfoss and Palladio have evaluated technological synergies, particularly in high-lift heat pumps. Integrating Palladio's screw compressors with our existing technologies promises competitive and advanced high-temperature solutions.
We are thrilled to welcome Palladio Compressors and its talented team into the Danfoss family. This acquisition broadens our technological capabilities and reinforces our commitment to decarbonization across industries. Palladio's advanced technology complements our portfolio, enhancing our compressor solutions for industrial heat pumps and large commercial and industrial refrigeration.
The Palladio range introduces state-of-the-art screw technology, addressing the limited offerings of advanced, non-captive screw compressors. We are well-positioned to support customers entering new markets with compressors utilizing natural and low-GWP refrigerants. The screw technology is particularly relevant for middle-range energy intensity applications. When deciding on a suitable compressor for their systems, our customers consider factors such as size, energy intensity, and payback period requirements. Our screw offering allows us to address this uncovered middle market segment.
The newly branded Danfoss Screw range will benefit from increased investment in R&D, production, and sales capacities, ensuring robust capabilities and market presence. By integrating screw technology into its suite of compressors, valves, controls, heat exchangers, and sensors, Danfoss reinforces its commitment to delivering greener and more efficient solutions worldwide.
Joining Danfoss is a transformative opportunity for Palladio Compressors. Together, we can leverage our combined expertise to drive innovation and expand our global reach. We are committed to providing increased options and seamless business continuity for our customers.