Page 39 - Climate Control News Magazine Feb 2019

PRECISE AIR GROUP has entered into a for- mal agreement to become a fully owned subsidi- ary of Fujitsu General Limited.
The acquisition provides a platform for Fu- jitsu General to expand its offering in the Australian commercial market and enables Precise Air Group to accelerate its own busi- ness strategies.
As such, Precise Air Group and Fujitsu Gener- al will continue to operate business as usual, function independently and continue to serve their client bases with their individual products and services.
“THERE ARE NO PLANS TO CHANGE THE MANAGEMENT STRUCTURE AT PRECISE AIR.” - PHILIP PERHAM.
Precise Air Group managing direc- tor, Nadeem Tayar, said both compa- nies share common goals making it a natural fit.
Fujitsu is a leading brand in the Australian domestic air conditioning market and is focused on becoming a dominant HVAC supplier in the com- mercial market.
Precise Air’s existing business
model and technical services em-
ployee base provides Fujitsu General
with an experienced business partner in the commercial market to help facilitate this.
“Precise Air has a very loyal team of employees and customer base so it was important for us that any acquisition resulted in minimal to no impact on their experience with us,” Tayar said.
“We are excited about the future pros- pects that will be available as a result of this agreement.”
All Directors and the Senior Management team will continue in their current roles.
Fujitsu General Australia and New Zealand managing director, Philip Perham, said there are no plans to change the current busi- ness model or management struc- ture at Precise Air.
“This acquisition serves as a vehi- cle to provide better products and services that are aligned to our stra-
tegic direction and our strong intent to grow our dealer and commercial business through an ex- panded product range and comprehensive ser- vice offering,” Perham said.
Established in 2002, Precise Air Group is one of Australia’s leading national providers of HVAC, fire and bundled MFEPH (mechan- ical, fire, electrical, plumbing and handy- man) services. ✺
Safety in HVACR
Fujitsu General acquires Precise Air Group
Fujitsu General managing director, Philip Perham.
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CLIMATE CONTROL NEWS FEBRUARY 2019
39