JAPAN/FRANCE: Fujitsu General has established a joint venture with French heating company Groupe Atlantic to produce air-to-water heat pumps in Europe.
The new company, FGAHP, is owned 51% by Fujitsu and 49% by SIC, the wholly-owned subsidiary of Groupe Atlantic that manufactures boilers and other hot water supply and heating equipment from its factory in Billy-Berclau, Nord-Pas-de-Calais.
The 23,000m2 plant was recently extended by 1600m2 and currently employs around 200.
Established in 1968, Groupe Atlantic has been a French distributor of Fujitsu’s air conditioners for 30 years. In 2009, Fujitsu and Groupe Atlantic concluded a joint development agreement for ATW, jointly promoting product development and market development.
In a statement, Fujitsu said: “With the establishment of FGAHP, we will localise ATW production in Europe, where high growth is expected in the future. We aim to quickly respond to demand and further expand sales in the European market.”
In addition, FGAHP plans to produce air-to-water monobloc units, jointly developed with Groupe Atlantic. This will be released in the UK in January 2023.
Fujitsu invests in European distributor – 27 December 2022
JAPAN/GREECE: Fujitsu General has acquired a 51% stake in FG South East Europe SA, its air conditioning distributor in Greece, which was recently spun off from FG Europe SA. Read more…