Danfoss has announced the signing of a Memorandum of Understanding (MoU) with IIT Madras to conduct applied research in business opportunities that Danfoss Power Electronics may pursue in the future. IIT Madras is a premium Institute in India with expertise within research in power electronics and power quality solutions. The Institute has an impressive number of academic departments and advanced research centres with nearly 100 laboratories, and the collaboration will enhance new technologies in Climate & Energy.

Mr J?rgen M Clausen, Chairman of Danfoss A/S, who signed the MoU with IIT Madras said, "We are pleased with this collaboration between Danfoss - leader in the industry and IIT Madras - a powerhouse in education. A key enabler to realize our vision is to build and leverage external research collaborations with universities such as IIT Madras who are experts in research and process."

"For the PE R&D centre in India the agreement is a very important step on our road to becoming a highly competent R&D centre thus contributing jointly with our colleagues in the US to the success of PE's high power drives solutions worldwide", he added.