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

Nibe considering move for Fujitsu General

SWEDEN: Heat pump manufacturer Nibe has confirmed it is considering a potential acquisition of all or a majority of the Fujitsu General air conditioning business.

The announcement by the Swedish company followed recent news stories in the Far East naming it as one of the potential bidders for the business, along with investment companies KKR and Bain Capital.

Nibe said that negotiations were at an early stage and that there was no certainty that any deal would be made.

Fujitsu announced in January that it was seeking a quick sale of its 42% stake in the business in a deal rumoured to be worth JPY140bn ($1.1bn). The other Fujitsu General shareholders include the Bank of Japan, JP Morgan and Goldman Sachs. 

Related stories:

Fujitsu seeks sale of air conditioning unit11 January 2023
JAPAN: Fujitsu is reported to be seeking a quick sale of its stake in air conditioning manufacturing unit Fujitsu General. Read more…

Latest News

25th April 2025

Commission rules out earlier F-gas review

EUROPE: The European Commission has again rejected a call for an earlier review of the F-gas regulation (2024/573).
24th April 2025

Cooling AI brings data centre efficiency gains

USA: Critical cooling company Airedale by Modine is now offering an AI-enhanced version of its Cooling System Optimizer for high-density data centres. 
24th April 2025

Beijer Ref sales up 16% in Q1

SWEDEN: Wholesaler Beijer Ref has reported a net sales increase of SEK8,898m (€813m) in Q1, a 16% increase on the same period last year. 
23rd April 2025

Birds Eye view of solar-powered trailer

UK: Birds Eye is to employ two solar-powered Sunswap refrigerated trailers in its fleet transporting produce from its production facility in Lowestoft to its distribution hub at Wisbech.
22nd April 2025

Contractor guilty of £50,000 Covid loan fraud

UK: A contractor offering plumbing, heating and air conditioning installation has been convicted of fraudulently claimeing a £50,000 Covid Bounce Back loan.
22nd April 2025

Daikin and Hitachi trial AI for fault diagnosis

JAPAN: Daikin and Hitachi are to begin a collaborative trial to commercialise a generative AI agent that supports equipment fault diagnosis in factories.