Mergers & Acquisitions

Molekule Launches Its Air Mini+ And Air Pro Air Purifiers In The United Kingdom And Europe

Molekule is bringing its Air Mini+ and Air Pro air purifiers, powered by patented PECO technology, to the United Kingdom and Europe for the first time. Molekule, the globally renowned air purification solutions company that reinvented air purification with its ground-breaking PECO technology, has announced that its award-winning air purifiers will be available to consumers in the United Kingdom and across Europe, directly via Molekule’s website. Expansion in UK and Europe Molekule&rsquo...

Viessmann Launches A Range Of Electric Heating Products For The UK Region

Viessmann has launched a range of electric heating products to the UK, following strategic acquisitions by the Viessmann Group, to grow its electrified heating offer.  A new 4-24 kW Vitotron electric system boiler, three Vitotherm direct hot water heaters and three Vitoplanar electric space heaters can be purchased from various merchants in the UK, building on Viessmann’s long-established range of electric heat pumps. Fossil boiler ban “Centralized electricity generation is b...

AAON Announces Acquisition Of BasX Solutions

AAON, Inc. a front-runner in innovation and production of premium quality, highly energy-efficient HVAC products for non-residential buildings, announced it has entered into a membership interest purchase agreement to acquire 100% of the equity interests of BasX, LLC, dba BasX Solutions (“BasX”), a front-runner in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, custom HVAC systems, and modular solutions. The transaction terms require an upfront...

Partners Group To Acquire US HVAC Parts Manufacturer And Supplier, DiversiTech

Partners Group, a pioneering global private markets firm, has agreed, on behalf of its clients, to acquire DiversiTech, the pioneering manufacturer and supplier of parts and accessories for heating, ventilation, and air conditioning ("HVAC") equipment in the US, from funds advised by global private equity firm Permira. The investment values DiversiTech at an enterprise value of USD 2.2 billion. As part of the transaction, Permira and management will remain minority investors in the Company. Fou...

Smart(er) Thinking Needed To Help The Most Vulnerable

I am writing this the day after the Autumn Spending Review, which among many measures, included a huge focus on how the Government wants to ‘level up the country’, creating a new post-pandemic economy, with higher wages and higher skills. Part of this is the £500 million ‘Multiply’ scheme, which aims to increase numeracy and basic mathematics for adults in the United Kingdom via in person tutoring, digital training and flexible courses. Lack of basic skills to acce...

ABB Group Invests In Montreal-Based Building Technology Solutions Startup Company, BrainBox AI

As part of its ambition to make buildings smarter, safer, and more secure, while also improving energy efficiency and reducing carbon emissions, ABB (ABB Group) has announced an investment in Montreal-based building technology startup, BrainBox AI. Investing in BrainBox AI Launched in 2019, BrainBox AI has pioneered the use of artificial intelligence (AI) to reduce energy costs and carbon emissions from Heating, Ventilation, and Air Conditioning (HVAC) systems in commercial buildings. Financia...

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