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

13th March 2026

Quinn Downes joins Syclef Group

FRANCE/IRELAND: The Dublin-based Quinn Downes Group (ODG) has become part of Syclef, the rapidly expanding network of industrial and commercial refrigeration and HVAC companies.
12th March 2026

Zanotti updates CUB condensing units for A2L refrigerants

UK: Hubbard Products has announced the launch, next month, of an updated Zanotti CUB condensing unit range engineered to support A2L refrigerants.
12th March 2026

Over 7,000 complete Daikin heat pump courses

UK: Daikin UK has reported that 7,333 installers completed its specialist heat pump training programmes in 2025, a 20% increase on 2024.
11th March 2026

Carrier completes DOE challenge

USA: Carrier reports that its 15-ton rooftop heat pump unit has passed testing in the US Department of Energy’s (DOE) Commercial Building HVAC Technology Challenge.
11th March 2026

Criminal swoop uncovers 398t of F-gas

NETHERLANDS: A 12-month worldwide operation targeting organised crime networks involved in waste and pollution crime has uncovered 398 tonnes of fluorinated greenhouse gases.
11th March 2026

Carel’s 2025 revenues reach €629m

ITALY: Carel, the HVACR controls manufacturer, has reported consolidated revenues in 2025 of €629m, an increase of 8.7% compared to 2024.