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

Fujitsu seeks sale of air conditioning unit

JAPAN: Fujitsu is reported to be seeking a quick sale of its stake in air conditioning manufacturing unit Fujitsu General.

According to the financial website Bloomberg, Fujitsu is looking to sell its entire 44% stake in the business, which is said to be valued at around JPY140bn ($1.1bn). 

Bloomberg says the news was revealed by CEO Takahito Tokita in a recent interview.

Fujitsu has not commented on the story, but the company had revealed it was considering the sale of its holdings in Fujitsu General, along with semiconductor packages manufacturer Shinko Electric and battery manufacturer FDK, during its half-year financial announcement in October.

The other Fujitsu General shareholders, which include the Bank of Japan, JP Morgan and Goldman Sachs, all hold single-figure-percentage shares. 

Latest News

3rd March 2024

Green Skills Hub opens in Stockport

UK: A new Green Skills Hub has opened its doors at Stockport College in a bid to tackle the UK’s green skills gap.
2nd March 2024

Creating an alternative showcase

UK: A relocation to new premises by UK Alternative Energy Ltd has enabled the Lincoln-based renewable energy specialist to incorporate heat pumps, solar PV and battery storage solutions.
1st March 2024

Heat pump grant requests up 39%

UK: Applications for the UK’s boiler upgrade scheme in January were up 39% on January 2023, according to figures from the Department for Energy Security and Net Zero.
1st March 2024

Bitzer to launch new hydrocarbon compressors

GERMANY: Bitzer is to expand its range of compressors with new models for use with hydrocarbon refrigerants.
29th February 2024

BESA backing for WorldSkills UK

UK:The Building Engineering Services Association (BESA) is organising the refrigeration and air conditioning (RAC) category of the WorldSkills UK competition.
29th February 2024

Beijer Ref to acquire Australian firm QAE

SWEDEN/AUSTRALIA: Beijer Ref will expand its position in the Australian market with the agreement to acquire 60% of the shares in Sydney-based Quality Air Equipment (QAE).