Page 8 - Climate Control News magazine Dec-Jan 2023

News
Panasonic inks deal to buy Systemair
PANASONIC CORPORATION WILL
acquire the commercial air-conditioning business from Systemair AB, a leading global manufacturer in the ventilation and commercial air-conditioning business, at an enterprise value of $154.9 million (100 million Euros).
LEFT: A Systemair product which uses R290.
An agreement has been reached to purchase all outstanding shares in Systemair S.r.l, and Tecnair S.p.A, and in due course the business conducted by the air-conditioning sales employees in Systemair GmbH in Frankfurt, Germany. The transfer of sales employees from Systemair GmbH is subject to HR consultations in Germany.
Furthermore, Panasonic has offered to acquire all outstanding shares in Systemair AC SAS from Systemair and expect Systemair to accept the offer fol- lowing HR consul-
tations in France. The acquired entities will, after completing neces- sary procedures, be operated as consolidated subsidiaries for the commercial air-condi- tioning business under the
Panasonic brand.
In Europe, a key market for
Panasonic, there is strong interest in environmental protection and meas- ures to address climate change, and efforts are being made for the transition to a carbon-free
society.
In addition to the growing demand for
energy-efficient and other eco-friendly prod- ucts, the HFCs used as a refrigerant in air
conditioners have an impact on global warming and therefore the Kigali Amendment to the Montreal Protocol and Europe's F-gas Regulations* require a shift to refrigerants with lower greenhouse effect.
In its air-conditioning business, Systemair today manufactures water circulating air conditioners that produce hot and chilled water by collecting heat in the ambient air in buildings and factories and circulate it in spaces to control the room temperature, which requires less refrigerant.
By making Systemair's three air-conditioning companies its consolidated subsidiaries, Panasonic will establish new development, production, sales, and maintenance structures for its commercial air-conditioning business and create higher-value added solutions in hot- water supply and space heating in addition to air-conditioning by combining the resources owned by the two companies.
Furthermore, Panasonic will respond to wide-ranging customer needs by adding environment-friendly commercial water cir- culating air conditioners to its lineup of air- to water heat pumps, residential air conditioners, commercial multi-split air- conditioning systems for buildings, and packaged air conditioners, which are cur- rently available in Europe and thereby accel- erate ESG (environmental, social and government) management in Europe.
Systemair was founded in 1974 and is head- quartered in Skinnskatteberg City, Sweden.
Fujitsu strengthens local applied team
FUJITSU GENERAL AUSTRALIA
has appointed Frank Spiropoulos to the role of applied business manager. Spiropoulos is a seasoned HVAC professional with experience in a range of roles valuable to the busi- ness; from chiller technician to authorised dealer and product sup- port manager. Prior to joining Fujitsu General his most recent role was as solutions engineer for Trane
Technologies.
Fujitsu’s head of sales, Peter
Cashel, said that as the applied business continues to grow and
engage with new customers work- ing on commercial and industrial projects, it is important to have the best people in the team to provide the most valuable and up-to-date insight and experience.
“Frank’s extensive practical experi- ence in the HVAC industry, and his impressive knowledge of commercial products and service is a great fit for Fujitsu,” Cashel said.
“We are excited about the future of the applied range with a growing and dedicated team driving it,” Cashel said.
Seasoned HVAC professional, Frank Spiropoulos.
8
CLIMATECONTROLNEWS.COM.AU