World News
Viessmann to invest in refrigeration business
GERMANY: The Viessmann Group says it will reinvest the primary proceeds from the €12bn sale of its Climate Solutions business to Carrier…
Carrier confirms €12bn Viessmann purchase
USA/GERMANY: Carrier has confirmed it will acquire Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction…
Beijer Ref reports record first quarter sales
SWEDEN: Wholesaler Beijer Ref has reported a record first quarter with net sales reaching SEK7,378m (€652m), a 50.5% increase on 2022….
Beijer Ref to buy Bulgarian HVAC distributor
SWEDEN: Wholesaler Beijer Ref has signed an agreement to acquire 70% of the shares in Condex, a leading Bulgarian HVAC distributor….
Carrier in talks to acquire Viessmann
USA/GERMANY: Carrier is reported to be in advanced talks to acquire German HVACR manufacturer Viessmann for more than $10bn including debt….
Woman charged with refrigerant smuggling
ROMANIA: Suceava border police have charged a woman with attempting to smuggle four cylinders of refrigerant across the border from Ukraine….
Customs seek to identify seized refrigerant
CHILE: The Chilean government is seeking a local consultant to analyse the contents of 1,150 refrigerant cylinders seized by customs authorities and…
Emissions increase after lockdown
EUROPE: EU greenhouse gas emissions increased by 6.2% from 2020 to 2021 but remained at lower level than before the pandemic, the…
Social media reveals growing AC popularity
NETHERLANDS: Data from social media has provided an insight into the increasing popularity of air conditioning worldwide. …
Fridge firm investigated for price fixing
AUSTRIA: The Austrian competition authority Bundeswettbewerbsbehörde has reported that it is investigating an unnamed refrigeration equipment manufacturer for alleged anti-competitive practices….