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Nibe ends interest in Fujitsu General

SWEDEN: Swedish heat pump manufacturer Nibe has ended its interest in the Fujitsu General air conditioning business.

Nibe Industrier AB recently admitted it was in the process of evaluating a potential acquisition of all or a majority of Fujitsu General. It has now announced that it will not go forward with that process.

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:

Nibe considering move for Fujitsu General7 March 2023
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. Read more…

Fujitsu seeks sale of air conditioning unit – 11 January 2023
JAPAN: Fujitsu is reported to be seeking a quick sale of its stake in air conditioning manufacturing unit Fujitsu General. Read more…

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