World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Wolseley set to complete Kooltech acquisition

UK: Wolseley is set to complete the acquisition of Kooltech after agreeing to dispose of Kooltech’s Aberdeen branch.

The Competition and Markets Authority (CMA) had previously raised concerns that the proposed acquisition, which was first announced in January, could leave customers in Aberdeen facing higher prices or lower quality services.

Following undertakings offered for the divestment of Kooltech’s branch in Aberdeen, the CMA said it considers that there are “reasonable grounds for believing that the undertakings offered by the parties, or a modified version of them, might be accepted by the CMA under the Enterprise Act.”

“We hoped not to lose anyone from the Kooltech family because of the sale process and we will be supporting the Aberdeen staff throughout as a priority,” said Kooltech commercial director Jonathan Brown.

“We will continue to work with the CMA, Wolseley and our advisors, to agree the detail to enable us to effect the Aberdeen disposal as soon as possible,” he added.

Related stories:

Wolseley/Kooltech remain committed to merger deal23 November 2023
UK: Kooltech and Wolseley are said to be committed to addressing concerns raised by the Competition and Markets Authority regarding the proposed takeover announced at the beginning of this year. Read more…

CMA investigates Wolseley/Kooltech deal – 13 September 2023
UK: The acquisition of air conditioning equipment distributor Kooltech by wholesaler Wolseley is being investigated by the UK Competition and Markets Authority (CMA). Read more…

Wolseley Group acquires AC distributor Kooltech – 11 January 2023
UK: Air conditioning equipment distributor Kooltech has been acquired by the Wolseley Group. Read more…

Latest News

18th July 2024

Cylinder explosion destroys car

SPAIN: Early reports suggest a car destroyed on a street in Malaga last week was caused by an exploding refrigerant cylinder.
18th July 2024

European heat pump sales down 6.5% in 2023

BELGIUM: Heat pump sales were 6.5% lower in 2023, the first fall after ten years of annual growth, threatening Europe’s 2030 climate targets.
17th July 2024

SWEP BPHE for lower GWP refrigerants

USA: SWEP has launched the 190 range of brazed plate heat exchangers optimised for low GWP refrigerants.
17th July 2024

Airedale data cooling solution commended

USA: The first data centre at Corscale’s Gainesville Crossing campus is set to open following the successful integrated systems testing (IST) of the recently installed Airedale by Modine cooling solution.
17th July 2024

Mirai Intex extends ULT air-cycle machine

CZECHIA: Mirai Intex has extended its range of air-cycle refrigeration process chillers with the MC 150 T unit, providing ultra-low temperatures from -40°C down to -160°C.
17th July 2024

Paul Kenny named EHPA director general

BELGIUM: Paul Kenny, a sustainable energy expert and former special advisor to the Irish government, has been named as the new director general of the European Heat Pump Association (EHPA).