News Headlines
News Headlines Category
Daikin targets further acquisitions
JAPAN: Backed by a war chest of JPY600bn ($5.2bn), Daikin is reported to be considering the acquisition of European heat pumps sales and service companies and refrigerated display case manufacturers….
Carrier creates venture capital group
USA: Carrier has created a venture capital group focused on investing in sustainable innovations and disruptive building and cold chain management technologies….
AHR Expo returns but attendance is 40% down
USA: The AHR Expo made a welcome return to Las Vegas last week, but the attendance was nearly 40% down on the…
Europe highlights revision of EN378
EUROPE: The European Commission has pinpointed a revision of EN 378 and the risk analysis process for flammable refrigerants as a priority…
Carrier to acquire Toshiba Carrier HVAC business
USA/JAPAN: Carrier has confirmed that it has signed a binding agreement to acquire Toshiba’s ownership stake in the Toshiba Carrier air conditioning…
Toshiba to sell air conditioning business?
JAPAN: Toshiba is set to sell its stake in its Toshiba Carrier air conditioning business to its US joint venture partner Carrier…
US could face blackouts due to domestic AC use
USA: Household air conditioning use in the USA could exceed electric capacity in the next decade due to climate change and lead…
Panasonic backs drive to link AC and air quality
JAPAN: Panasonic is to invest JPY100bn ($867m) in its air conditioning and air quality business over the next five years, according to reports…
Lu-Ve makes offer for ACC business
ITALY: Lu-Ve has submitted a binding proposal for the purchase of the beleaguered compressor manufacturing company Italia Wanbao ACC srl (WACC)….
Systemair acquires Lu-Ve’s close control AC business
SWEDEN/ITALY: Systemair has acquired Tecnair LV, the close control air conditioning unit manufacturer and member of the Lu-Ve Group, for €16.2m….