Panasonic to purchase Systemair's business AC enterprise – Cooling Submit
JAPAN/SWEDEN: Panasonic has introduced its intention to amass the business air con enterprise of Swedish HVAC producer Systemair AB in a deal mentioned to be value €100m.
The settlement consists of the acquisition of Systemair’s Italian corporations Systemair Srl and Tecnair SpA and the enterprise performed by the air con gross sales staff in Systemair GmbH in Germany, which is topic to HR consultations in Germany.
As well as, Panasonic has supplied to amass all excellent shares within the French subsidiary Systemair AC SAS, and expects Systemair to just accept the provide following HR consultations in France.
Panasonic says the acquired entities will likely be operated as consolidated subsidiaries for the business air con enterprise underneath the Panasonic model after finishing needed procedures.
The companies embody manufacturing and gross sales of air-cooled and water-cooled chillers and warmth pumps, and rooftop and different business air conditioners.
The French and Italian factories have been each acquired from French air con producer Airwell, the Italian manufacturing unit in Barlassina, close to Milan, in 2012 and the French manufacturing unit in Tillières in 2014.
The enterprise of Tecnair, a producer of shut management ac tools, was acquired by Systemair from the Lu-Ve Group in January of this yr.
Panasonic started collaborations with Systemair in 2019, with the manufacturing of Panasonic’s ECOi-W warmth pump chiller on the Systemair’s French manufacturing unit.
In a press release, Panasonic says that by making Systemair’s three air-conditioning corporations its consolidated subsidiaries “it is going to set up new growth, manufacturing, gross sales, and upkeep constructions for its business air con enterprise and create higher-value-added options in scorching water provide and area heating along with air con by combining the assets owned by the 2 corporations”.
Panasonic may even profit from the addition of economic hydronic air conditioners to its portfolio.
Commenting on the deal, Panasonic HVAC president Masaharu Michiura mentioned: “We concluded a enterprise alliance with Systemair in 2019 to begin procuring business air conditioners. We have now expanded the scope of collaboration resembling by promoting our residential air-to-water warmth pumps together with Systemair’s whole warmth exchangers. By combining Systemair’s business air-conditioning applied sciences and our inverter and energy-saving applied sciences, we are going to speed up to offer high-value added options required by our prospects.”
Systemair president and CEO Roland Kasper mentioned: “We made the choice to promote the air conditioner enterprise in Italy and Germany, and intend to promote the air conditioner enterprise in France, as a result of we’re assured that specializing in our core enterprise, air flow, will strengthen our providing to our prospects and is consistent with our technique.”
Panasonic announces alliance with Systemair – 26 February 2019
SPAIN: Air-con producer Panasonic has introduced the launch of a warmth pump chiller sequence as a part of a brand new “strategic partnership” introduced with Swedish air flow firm Systemair. Read more…
Systemair acquires Lu-Ve’s close control AC business – 31 January 2022
SWEDEN/ITALY: Systemair has acquired Tecnair LV, the shut management air con unit producer and member of the Lu-Ve Group, for €16.2m. Read more…