Panasonic completes Area Cooling purchase
5th December 2024
POLAND: Panasonic has completed the acquisition of Polish refrigeration equipment manufacturer Area Cooling Solutions Sp zoo, a subsidiary of the Barcelona-based distribution business.
The condensing units business located in Wrocław, will operate under the name Panasonic Cold Chain Poland (Panasonic CCS).
Panasonic’s acquisition is described as a strategic move to create a more robust player in the CO₂ refrigeration market across Europe.
Panasonic CCS will continue the production of Area Cooling’s iCOOL and other refrigeration condensing units to ensure a steady supply of spare parts for these products.
Meanwhile, Area Cooling Solutions refrigeration and air conditioning distribution business has been acquired by Belgian company IPCOM. Its Warsaw-based compressor and component distribution company is not part of the Panasonic purchase.
Related stories:
Area Cooling Solutions sold to IPCOM – 5 December 2024
SPAIN: Barcelona-based refrigeration and air conditioning supplier Area Cooling Solutions has been acquired by Belgian company IPCOM and has finalised the sale of its Polish condensing unit factory to Panasonic. Read more…
Panasonic to boost CO2 interests with Area purchase – 9 July 2024
JAPAN/POLAND: Panasonic has entered into an agreement to purchase Polish refrigeration equipment manufacturer Area Cooling Solutions Sp zoo. Read more…
