Mergers & Acquisitions - News
On the evening of May 22, 1922, 300 people were invited by Willis Haviland Carrier, the Founder of Carrier Corporation, to a sheet metal shop in Newark, New Jersey, USA, for a free meal and a boxing match, followed by the unveiling of the first centrifugal chiller technology. Today, Carrier Corporation celebrates the 100th anniversary of the invention of the centrifugal chilling machine that in many ways made the modern world possible. Carrier Corporation is a part of Carrier Global Corporation...
Massimiliano Ferrario has been appointed as the new Technical and Regulatory Affairs Officer at Eurovent, to be based at the association’s Regional Office in Milan, Italy. He will be involved in monitoring and interpreting relevant regulatory developments and other technical topics for Eurovent members. Eurovent has extended a warm welcome to Massimiliano Ferrario, the new Eurovent Technical and Regulatory Affairs Officer. He recently joined the Eurovent Secretariat, in order to take care...
The Heating and Hotwater Industry Council (HHIC) is calling for greater support for hybrid systems in the Government’s net-zero strategy, in order to provide a practical method of achieving low-carbon heating for consumers. Launched in October 2021, the Department for Business, Energy, and Industrial Strategy’s (BEIS) Heat and Buildings Strategy outlined the key technologies in the UK’s transition to net zero. The £450 million Boiler Upgrade Scheme was the centerpiece of...
Xos, Inc., a manufacturer of Class 5 through Class 8 battery-electric vehicles and power trains, and provider of charging infrastructure and fleet management software, announced a partnership with Thermo King to jointly develop a refrigerated commercial vehicle prototype that is 100% battery-electric. The battery-electric refrigerated prototype vehicle will support fresh and frozen applications and will be used in field trials by Xos and Thermo King customers. The partnership “We’...
Climate change and the current energy crisis have accelerated the shift from fossil fuels to renewable energy. The new Vitocal 250-AH and Vitocal 250-SH hybrid heat pumps are the perfect solutions for property owners, who wish to significantly reduce their carbon footprint and their dependence on rising fuel prices, but still want to keep their gas or oil heating systems. sustainable devices Viessmann One Base makes the devices particularly sustainable. With this innovative platform, hom...
Aereco, one of France’s renowned manufacturers of hybrid and mechanical ventilation systems, announced that the company’s has been formally approved to join the Eurovent family, during a recent online meeting of the association’s Board of Directors. Headquartered in Marne la Vallée, France and with offices located around Europe, Asia and the USA, Aereco develops innovative ventilation solutions for residential and office buildings. Developer of innovative ventilation s...
The Viessmann Group is to invest EUR 1 billion over the next three years to extend its heat pump and green climate solutions portfolio. The investments are targeted to expand the family company’s manufacturing footprint and R&D labs. They will also help to strengthen Europe’s geopolitical energy independence. Growth due to demand for heat pumps Despite the negative effects of the pandemic and challenged global supply chains, the total revenue of the Viessmann family business r...
SPX Cooling Technologies, Inc., a full-line, full-service industry leader in the design and manufacture of evaporative cooling towers, fluid coolers and related equipment, has incorporated new proprietary Aero-X coil technology into its induced-draft, closed-circuit DT Fluid Coolers. Aero-X tube profile The Aero-X tube profile maximizes thermal capacity per coil row thanks to the lowest air-side pressure drop (up to 10% more airflow at the same fan HP) and maximum heat transfer surface area....
The AHR Expo 2022 traveled to Las Vegas, Nevada, USA, with a strong return to in-person events, a critical need in the industry as HVACR continues to be on the front lines of many major world challenges. Discussions across the industry include energy efficiency, environmental changes, air quality, and a sense that the world has undoubtedly changed in recent years with HVACR being no exception. Mark Stevens, the Manager of AHR Expo, said “One of the immediate challenges in our industry is...
Daikin North America LLC (Daikin) has continued its ambitious customer-focused growth with the acquisition of Washington state companies Thermal Supply, Inc. and AirReps, LLC. “We have been very intentional in working toward becoming the clear leader in indoor air comfort solutions in North America,” said Takayuki (Taka) Inoue, Executive Vice President, and Chief Sales and Marketing Officer. “We will continue our progress through strategic growth and a concentrated, holistic a...
During ABM Franchising Group's Annual Franchise Owners' event in April 2022, ABM team members and Linc Service and TEGG franchise owners, as well as their families participated in a Giving Back Activity, benefitting Ukrainian refugees. The group competed in a variety of team-building games to score points and earn items to fill 75 care backpacks. The care backpacks filled with essential items and kids' toys were shipped to the PTAK Humanitarian Aid Center located in Poland...
The Viessmann Group announced that it will invest 1 billion Euros in the next three years to extend its heat pump and green climate solutions portfolio. The investments are targeted to expand the family company’s manufacturing footprint and R&D labs, thereby also strengthening Europe’s geopolitical energy independence. Prof. Dr. Martin Viessmann, the Chairman of the Board of Directors of Viessmann Group, said “For more than 105 years, our company has been a family for posi...
As the sun shines more and homeowners crave the outdoor air, they know that warmer days are ahead! It is a great time to start thinking about summer and keeping costs down for running air conditioners while still staying cool and comfortable. Ways to Lower AC Costs Bump it up a little: While a few degrees may not impact the feel of indoor air, they can impact utility bills. Find the optimal temperature that balances comfort and cost. Test out a wide range of temperatures for a few day...
NADCA, the HVAC Inspection, Cleaning, and Restoration Association, announced the publication of ‘Biological Air Quality Considerations for Non-Healthcare, as Built Environments,’ a scientific paper developed in partnership with the Global Biorisk Advisory Council (GBAC). The paper, funded by the GBAC, addresses several strategies for improving indoor air quality in facilities and built environments such as schools, restaurants, convention centers, and gyms. Multi-Authored paper Ai...
Middle East and North Africa (MENA) region is driving the growth of the US$150 billion global district cooling market – which will be the focus of the two-day MENA District Cooling Projects Conference taking place from June 14-15, 2022, in Dubai, UAE. Organized by Great Minds Events Management (GM Events), more than 250 delegates including senior government officials, project owners, developers, utility suppliers, industry experts, and key stakeholders will participate at the MENA Distric...
Johnson Controls-Hitachi Air Conditioning (Johnson Controls-Hitachi) has transformed their Dallas- area headquarters into an immersive product showroom and training facility. The new Customer Experience Center, which opened on April 20, 2022, in Irving, Texas, features commercial, light commercial and residential ductless HVAC equipment, in two showrooms, along with fully operational equipment in an interactive, state-of-the-art training lab. New product showroom The grand opening featured a...
ABM Franchising Group is pleased to welcome Mountain Air Systems back to the Linc Service network. Mountain Air Systems has been in business since 1985 and is a full-service HVAC mechanical contractor, serving all of Vermont and parts of New Hampshire and New York, in the United States of America. ABM - Mountain Air Systems partnership "Mountain Air Systems is an industry leader in its market, and we’re excited to see them rejoin the Linc Service network," said Bruce Phibbs, Senio...
To help channel partners, customers and consulting engineers make more objective and informed decisions about HVAC products and solutions, Carrier India has opened a new Carrier Expert Center at its Gurugram, Haryana campus. Carrier Expert Center The Expert Center provides visitors with an unmatched experience to determine how Carrier’s commercial, variable refrigerant flow (VRF), applied equipment and aftermarket HVAC solutions can align with their business objectives. Carrier India is...
DENSO Corporation, a globally renowned mobility supplier, and United Semiconductor Japan Co., Ltd. (USJC), a subsidiary of global semiconductor foundry - United Microelectronics Corporation, announced that the companies have agreed to collaborate on the production of power semiconductors at USJC’s 300mm fab to serve the growing demand in the automotive market. IGBT line An insulated gate bipolar transistor (IGBT) line will be installed at USJC’s wafer fab, which will be the first i...
Light bulb efficiency standards announced by the Biden administration will phase out energy-wasting bulbs, significantly reducing many households’ electric bills and averting needless greenhouse gas emissions from power plants. The rules from the Department of Energy (DOE) will ensure that commonly used light bulbs, including the iconic pear-shaped ones, meet an efficiency standard easily achieved by today’s LEDs. efficiency standard The new standards will save consumers near...
Canadian company - Nu-Air and the Viessmann Group, one of the providers of sustainable climate (heating, cooling, water, and air quality) and renewable energy solutions, announced their strategic partnership in the field of ventilation and indoor air quality solutions for residential and small commercial buildings in North America. Viessmann, a family-owned company, will acquire 25 percent of the shares in Nu-Air – with the option to acquire the remaining shares in the medium term. The ai...
The Viessmann Group, one of the providers of sustainable climate (heating, cooling, water, and air quality) and renewable energy solutions, receives official confirmation and approval of its scientifically based emission reduction targets. This applies to their own operations as well as to emissions in the value chain. The family-owned company's climate strategy ‘LEAP to Net-Zero’ was already published in November last year. It forms the basis for the targets submitted to the Scienc...
UVDI has announced a strategic partnership with the Association for Professionals in Infection Control and Epidemiology (APIC) for 2022. APIC is the leading association for infection prevention and control (IPC) professionals, with more than 15,000 infection preventionist (IP) members. APIC Strategic Partner program The APIC Strategic Partner program establishes long-term relationships with industry partners united in the common goal of advancing the science and practice of infection preventio...
Daikin UK has announced the launch of two new Sustainable Home Centres, making its national network 30-strong. A new center has opened in Warminster, United Kingdom, in partnership with a local renewable energy solutions provider, Ecobubl. And, as the first-of-its-kind establishment in West Yorkshire, the Viva Training center is now up and running in Halifax, UK. Growing demand for heat pumps Amid growing demand for heat pumps – boosted by the now-open Boiler Upgrade Scheme and recent r...
Cherry Creek School District (CCSD) and Johnson Controls (JCI), the globally renowned company for smart, healthy and sustainable buildings, are embarking on a sustainability initiative, which is expected to reduce annual carbon emissions by 25%, water usage by 1.8 billion gallons and provide net savings to the school district of US$ 20 million, over the next 20 years – all while creating a more improved learning environment throughout Colorado's fourth-largest school district. “Cher...
Facilio, a renowned global property operations software platform; Airmaster, an Australia-based award-winning building services company, and NEJAVI, a sales advisory and delivery service focusing on digital transformation and business process, announced a strategic partnership. The partnership will help real estate portfolio owners and operators realize next-level operational savings, energy efficiency, and improved building performance. Leveraging the combined power of Facilio’s unified...
Right before earth day 2022, Dr. Simon Müller, CTO of the company builder wattx, announces the launch of their new B2C startup climony. The vision of climony is to explore new ways for counteracting climate change to preserve living spaces for future generations. To achieve this, the startup challenges the status quo of carbon offsetting services by prioritizing reduction measures over offsetting, educating people on climate change, and funneling support to impactful climate initiatives. ...
BluE Nexus Corporation, AISIN Corporation, and DENSO Corporation announced that they have jointly developed an eAxle for Toyota’s new battery electric vehicle (BEV), bZ4X scheduled to be released on May 12, 2022. BluE’s first eAxle has achieved excellent dynamic performance and downsizing and helps vehicles increase their electric mileage. electric vehicles BluE was established in April 2019 to develop and sell electric systems and driving modules. By combining the strengths of A...
With households being urged to replace their old gas and oil-fueled boilers in a bid to lower carbon emissions, residents may have spotted heat pumps getting a bit more attention in the media recently. But what are they, how do they work, and what are the benefits? This article offers the rundown of everything home owners and residents need to know with regard to heat pumps. What is a heat pump? In basic terms, a heat pump is a piece of technology that captures heat from outside, and tran...
XOi Technologies, a globally renowned provider of technician-focused technology solutions and Synergy Solution Group, an innovative commercial HVAC peer network, announce a shared initiative that delivers XOi’s premium Journeyman Platform suite of powerful technician-enablement solutions to a nationwide roster of leading contractors. Synergy Solution Group is the first industry network group to adopt the exclusive Journeyman Platform solution, XOi Technologies’ next-generation smart...
