World News
Changes at MTA Deutschland as MD Escher steps down
GERMANY: MTA Deutschland, the German subsidiary of the Italian refrigeration and air conditioning manufacturer, has announced changes to its management and plans to merge its three German businesses….
Beijer Ref acquires Spanish AC company GIA
SPAIN: Swedish wholesaler Beijer Ref is to acquire a majority shareholding in the GIA Group, one of Spain’s leading air conditioning suppliers….
Lindbergh acquires Italian contractors
ITALY: Lindbergh SpA, a group active in Italy and France in the maintenance, repair and operations sector, is to acquire the Italian contractors ITR Srl and Eco Manutenzioni Impianti Srl….
Johnson Controls CEO to step down
IRELAND: Johnson Controls chairman and CEO George R Oliver is to step down from the role he has held since 2017….
LG air conditioners to be manufactured in Egypt
EGYPT: LG has signed a deal with Egyptian company Raya Electric to manufacture its LG-branded residential air conditioners in the country….
Airedale takes data centre cooling control to US
UK/USA: Airedale by Modine has launched its Cooling System Optimizer data centre cooling controls system in the US….
Nordic Climate expands Danish interests
DENMARK: Danish refrigeration specialist SA-AL Køleteknik ApS, part of the Swedish Nordic Climate Group, has acquired fellow Danish contractor Polarkøl ApS….
Lennox celebrates by ringing the NYSE bell
USA: Lennox celebrated the 25th Anniversary of its initial public offering, today, with CEO Alok Maskara ringing the closing bell at the New York Stock Exchange….
Carrier sales up 12%
USA: Carrier has reported strong Q2 2024 financial results with sales up 12% to $6.7bn compared to last year….
Bosch sees leading HVAC role with JCH purchase
GERMANY: Bosch has described its €7.4bn acquisition of the Johnson Controls-Hitachi Air Conditioning (JCH) joint venture as the biggest transaction in the company’s history, doubling its Home Comfort business….