World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

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

Features

General articles, applications and industry analysis

Haier completes Hungarian distributor acquisition

Haier HVAC Europe CEO Bob Cowlard (left) seals the deal with Klima Kft MD Peter Lukácsi

HUNGARY: Haier Europe Appliances Holding has completed the acquisition of Budapest-based air conditioning wholesaler and contractor Klima Kft.

First announced in March, the transaction encompasses all of Klima’s assets, channels and expertise. Haier insists the deal will bolster its presence in Central and Eastern Europe and accelerate the promotion of its sustainable HVAC solutions across the region.

“Haier’s global R&D and supply chain capabilities will infuse new innovation into our existing channels and services, delivering more diverse and efficient solutions for our clients,” commented Klima Kft’s MD Peter Lukácsi.

“This acquisition marks a significant milestone in our Zero Distance customer service strategy,” said Haier HVAC Europe CEO Bob Cowlard. “Klima’s deep project implementation expertise and well-established service network in Hungary will enable us to better understand local customer needs and leverage Haier’s technical and service strengths across the broader CEE region.”

Related stories:

Haier aquires Hungarian distributor14 March 2025
HUNGARY: Haier Europe Appliances Holdings has signed an agreement to acquire 100% of Klima Kft, a Budapest-based air conditioning wholesaler and contractor, from E.ON MyEnergy. Read more…

Latest News

10th November 2025

Beijer Ref opens Glasgow training facility

UK: Lord William Haughey OBE, Chair of City Facilities Management Ltd officially opened the new Glasgow Beijer Ref training facility last week.
10th November 2025

Lowe Rental attracts new investment

UK: Private equity firm MML Keystone has made a majority investment in Lowe Rental Corporation, the Lisburn, Northern Ireland, commercial refrigeration and catering equipment rental company.
9th November 2025

SWEP takes key role in CERN’s CO2 cooling system

SWITZERLAND/FRANCE: Swedish manufacturer SWEP has supplied over a hundred brazed-plate heat exchangers for critical cooling roles at the CERN particle physics laboratory.
9th November 2025

AREA opens membership to “observers”

BELGIUM: AREA, the European umbrella group representing 26 national RACHP contractors associations, is opening its membership to a new category of Observing Partners. 
8th November 2025

Danfoss celebrates Mexico factory expansion

MEXICO: Danfoss has celebrated the opening of an expansion of its Monterrey, Mexico factory, to meet demand for HVAC equipment in the North American and Latin American markets.
8th November 2025

Sanhua and Haier sign co-operation deal

CHINA: Controls company Sanhua has signed a strategic co-operation agreement with appliance manufacturer Haier, extending a partnership which has existed between the two companies for nearly 40 years.