World News
Heat pump company Qvantum raises €108m
SWEDEN: Swedish heat-pump systems and technology company Qvantum has raised €108m in Series C capital, including a debt facility of €15m, to increase production and drive European expansion….
Daikin air conditioning in “living laboratory” project
JAPAN: Daikin is to carry out demonstration experiments of a new air conditioning system that will create spaces where people can feel more comfortable and healthy both physically and mentally….
Keymark reaches 10,000th certification
BELGIUM: Ten years on from its establishment by the heat pump industry, the Keymark scheme has achieved its 10,000th heat pump certification….
Hoshizaki buys US distributor
JAPAN/USA: Hoshizaki has acquired its US distributor Cannon Marketing Inc (CMI) to strengthen its sales in southeastern United States….
Paloma to acquire Fujitsu General for $1.63bn
JAPAN: The Fujitsu board has backed an offer of JPY256bn ($1.63bn) for its Fujitsu General air conditioning business from Paloma Rheem Holdings, owners of US HVACR manufacturer Rheem….
Vital medical equipment wins F-gas ban reprieve
EUROPE: Certain types of specialist low temperature laboratory and medical equipment have been granted a temporary exemption from a European F-gas regulation ban which came into force on January 1….
Beijer Ref completes Cool4U acquisition
SWEDEN/HUNGARY: Beijer Ref has acquired the remaining shares in Cool4U, the Hungarian HVAC distributor and representative of Chinese manufacturer Gree….
SeaCube trials Thermo King’s electric genset
USA: Refrigerated intermodal equipment leasing company SeaCube is working with French shipping and logistics company CMA CGN to field test Thermo King’s E-COOLPAC battery-powered refrigerated container genset….
Novel cooling and heating win US defence deals
USA: The US defence department’s Defense Innovation Unit (DIU) has awarded contracts to three prototype novel air conditioning and heat pump technologies to reduce energy consumption at military bases….
Nordic Climate makes further Dutch move
SWEDEN/NETHERLANDS: The Nordic Climate Group has further expanded its operations in the Netherlands with the acquisition of Amsterdam-based IJskoud BV. …