Mergers & Acquisitions - News
Re/genT B.V. has formally joined Eurovent as its newest Associate Member. The organization specializes in refrigeration, air conditioning, and heat pumps, with an emphasis on green innovations and energy efficiency. Ecodesign requirements Re/genT B.V. has its own R&D and testing laboratory for modern research and development activities. They conduct verification of Energy Labeling and Ecodesign requirements for domestic and commercial refrigerators and freezers, and are actively involved i...
CEO Warrior, a nationally recognized business development, training, and implementation organization for the service business industry, announced that it has become a gold sponsor of Women in HVACR, a nonprofit organization dedicated to empowering women in the heating, ventilation, air conditioning, and refrigeration trades. CEO Warrior’s gold sponsorship is in the consultant and services category. empowering women in HVACR “Women in HVACR’s mission of encouraging women to e...
Daikin UK has acquired Robert Heath Heating Ltd, a heating service company. In a deal signed, the acquisition will serve to strengthen Daikin’s residential heating service network in the UK. The move aligns with Daikin’s strategy to play a pioneering role in the UK’s transition towards low-carbon heating and consolidates its position in the renewable heating market. Air source heat pumps Air source heat pumps are expected to play a crucial role in helping the UK Govern...
Carrefour announces that it has entered into exclusive negotiations with Groupe Intermarché to acquire 31 stores. These stores represent 94,000sqm, or 0.3% of the food retail space in France. They generated sales of around €400m million in 2022. The value of the acquisition is not material. Under the terms of the agreement, Carrefour will substitute Intermarché for the purchase of 26 stores from Casino, while the remaining five stores will be acquired directly from Intermarché. Carrefou...
Danfoss and Google have announced a strategic partnership to make use of the latest advances in artificial intelligence (AI) and promote energy-efficient solutions in data centers. Under the partnership, Danfoss, the Danish multinational engineering group, will use Google Cloud’s generative AI capabilities to optimize the customer experience, streamline internal work processes and improve productivity across the organization. This can be done, for example, by using gen AI to...
Marcone Group, a national distributor of appliance, HVAC, plumbing, commercial kitchen, and pool and spa parts and equipment, announced that St. Louis native, Kurt Bruenning is the company’s new Chief Financial Officer (CFO). As CFO, Kurt Bruenning will continue the work already started to build a financial center of excellence for the distribution company. CEO's comment Marcone’s acquisition strategy has grown the $2 billion company to include nearly 200 locations and 2,500 emplo...
With energy efficiency, decarbonization, and water conservation continue to trend in commercial building design and construction, Uponor is responding with valuable resources and solutions that will help engineers design more efficient, sustainable buildings that can provide greater performance and longevity, while also minimizing risk. Uponor Academy for Engineers The first resource, Uponor Academy for Engineers, is an online webinar series that helps professionals build their knowledge base,...
At the AHR Expo 2024, Infinitum, creator of the sustainable air-core motor, unveiled the next generation of its award-winning Aircore EC, a high-efficiency motor system designed to sustainably power commercial and industrial applications, such as HVAC fans, pumps, and data centers with less energy consumption, reduced emissions, and reduced waste. Key features Infinitum’s latest generation Aircore EC motor system features an integrated variable frequency drive and delivers upwards...
During the meeting of the Product Group ‘Liquid Chilling Packages and Heat Pumps’ (PG-LCP-HP) on 21 November 2023 in Milan, Italy, the group participants re-elected Henk Kranenberg as Chairperson and Mariano Covolo as Vice-Chairperson. Henk Kranenberg Henk Kranenberg, Senior Manager at Daikin NV, is an expert in heating ventilation, air conditioning, refrigeration, and building environment, who has more than 30 years of experience in industrial management, business development, and...
XOi, a globally renowned provider of technician-focused technology solutions, has named veteran industry pioneer - Richard “Fletch” Fletcher to head the company’s critical manufacturer partnerships, as it continues to invest in technician-focused technology driving the digital transformation of the skilled trades. As the newly appointed Executive Vice President of XOi’s OEM channel, Fletcher leverages his manufacturer experience to head the evolution and execution...
HEINEKEN, the world's most international brewer, has selected Siemens as a partner for its global Net Zero Production roadmap. It is part of HEINEKEN’s ambitions to reach net zero in Scopes 1 and 2 across all production sites by 2030. Decarbonization program Siemens and HEINEKEN will work together on a long-term decarbonization program, which will see Siemens implementing solutions and services from its Siemens Xcelerator portfolio, to reduce energy usage at more than 15 HEINEKEN beer a...
CETIAT, a technical center for aeraulic and thermal industries in the French and international industrial ecosystem, has joined Eurovent as its newest Associate Member. Established in 1960, CETIAT is an independent French technical center for the Heating Ventilation, and Air Conditioning (HVAC) industry. HVAC activities It is a reference point to support industrial innovation projects in the areas of ecological and energy transition, decarbonization, indoor air quality, and energy metrology....
Major heating, plumbing, and air movement materials supplier - TG Lynes has launched a new website, making it easier for customers to manage their accounts and order products for next-day delivery. TG Lynes has invested in a fresh online platform that offers its Trade Account customers modern, round-the-clock methods to place and manage their orders. Availability, delivery, convenience Andrew Ingram, Managing Director of TG Lynes, said, “We are renowned for our industry-leading st...
BrainBox AI, a pioneer in autonomous building technology, announced that it has joined the Amazon Web Services (AWS) Partner Network (APN) to deliver its cutting-edge AI-driven solution to AWS customers in the public and private commercial and retail real estate sectors. The APN is a global community of AWS partners that leverages programs, expertise, and resources to build, market, and sell customer offerings. scalability and flexibility “With AWS at the core of our AI-driven...
Johnson Controls, the global pioneer for smart, healthy, and sustainable buildings, will highlight key trends facing the HVAC industry and solutions to meet evolving customer needs at the pioneering trade show for HVACR professionals, at the AHR Expo, Jan. 22-24, 2024. To assist contractors and business owners in navigating the upcoming year, Johnson Controls will present innovative solutions that improve efficiency, promote electrification, advance digitization, and ensure compliance wit...
DENSO CORPORATION announced that it has integrated the management of three production and sales companies in Brazil as of January 1, 2024: DENSO DO BRASIL LTDA., DENSO MAQUINAS ROTANTES do BRASIL LTDA., and DENSO SISTEMAS TERMICOS do BRASIL LTDA. After the integration, the new DENSO DO BRASIL LTDA. manufactures and sells automotive components, including thermal products, which were previously produced independently by the three companies. electrical components and alternators In 1975, DENSO e...
NIBCO Inc. has announced the promotion of Chris Mason to the position of Senior Vice President, Supply Chain. In his new role, Mason will be responsible for product engineering, advanced technology, continuous improvement, safety and compliance, global procurement, as well as the Matco-Norca, SVF Flow Controls, and Webstone teams. Mason will continue to report to Ashley Martin, President and COO, NIBCO. “Chris has a long career history with NIBCO and brings much experience and knowledge t...
The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 14.8 million at the end of 2022, according to a new research report from the IoT analyst firm - Berg Insight. Growing at a compound annual growth rate (CAGR) of 12.4 percent, this number is expected to reach 26.5 million by 2027. The top-38 vendors have today more than 100,000 active units in Europe. Berg Insight ranks Targa Telematics as the largest player in terms of active installed base with ar...
The global installed base of active remote tank monitoring (RTM) solutions reached 7.7 million units at the end of 2022, according to a new research report from the IoT analyst firm - Berg Insight. Growing at a compound annual growth rate (CAGR) of 25.0 percent, the active installed base is estimated to reach 23.5 million units worldwide in 2027. Berg Insight estimates that the European market accounted for more than 1.8 million active RTM systems at the end of 2022. The North American market i...
Ford and Resideo Technologies, Inc. announced a joint simulation project to explore vehicle-to-home (V2H) energy management called the 'EV-Home Power Partnership', designed to explore the potential of electric vehicle batteries to support optimal home energy management. full-size electric truck The project will explore, test, and quantify the customer benefits of pairing bi-directional EV charging with a Resideo smart thermostat to help customers potentially save money on monthly electric bill...
Business Development Resources (BDR), the training and business coaching authority for home services industry professionals, introduces its Emerging Business Academy, a streamlined version of its flagship coaching program tailored to the unique needs of growing small businesses. BDR’s Emerging Business Academy, designed for businesses with four people or fewer, guides motivated owners to put specific foundational systems and processes into place to reach revenues of $1 million and beyond....
Duraplas, a provider of innovative plastic solutions, announced its partnership with MARS, a renowned master distributor in the HVAC-R industry. Duraplas will provide MARS and its extensive network with access to the innovative PolarPad line of condenser pads to reshape the landscape of HVAC-R products. PolarPad line The HVAC-R industry has long faced limited options for condenser pads due to industry consolidation. This partnership introduces a welcome change as distributors wil...
Trane Technologies, a global climate innovator, has announced a significant milestone for its industry-renowned, sustainable climate solutions – with more than one million HVAC units with low-carbon steel shipped to homeowners and commercial customers across the U.S. Less than one year after Trane Technologies established ground-breaking purchase agreements with two major U.S. steel manufacturers, the company’s low-carbon steel products – which include high-efficiency heat pum...
Denso Corporation (DENSO), a globally renowned mobility supplier, hosted its annual Dialog Day on November 15, 2023. Aiming to enhance its concepts - “Green” and “Peace of Mind” to evolve from “a Tier 1 supplier that supports the auto industry” to “a Tier 1 supplier that supports a mobility-centered society,” DENSO has announced a new management structure strategy, its corporate value improvement strategy, its fundamental technology strategy and c...
NIBCO INC., a global provider of flow control solutions, announced its Board of Directors has approved several executive leadership appointments. These new appointments are effective immediately and reflect the company’s commitment to its long-term growth strategy. new executive appointments Steve Malm Steve Malm has been appointed as the new Chairman and Chief Executive Officer. Malm has been with NIBCO since 1996 and has served as President and Chief Operating Officer from 2006...
TML Supply Company, part of top North American distributor - Marcone, announced that it has been named Canadian Tempstar Distributor of the Year for the fourth time. The award, given by ICP/Carrier, recognized TML's performance in customer service and sales growth during 2022. TML also earned the award in 2013, 2016 and 2019. Service and product availability "TML's dedication to top-notch service and product availability is an overarching value for our organization," said Mark Mininch, TML Pr...
Heating, plumbing, and air movement materials supplier - TG Lynes has added an innovative solution for grooved piping systems to its extensive range. TG Lynes has become the only UK stockist of VSH Shurjoint products, which provide welding-free, time-saving solutions for the HVAC, sanitary, and industrial markets. The VSH Shurjoint product line by Aalberts Integrated Piping Systems is renowned for reliable connections, easy installation, and safety. VSH Shurjoint A coupling can be instal...
Johnson Controls celebrated the renovation of its North American Headquarters in Glendale, Wisconsin, USA. The 144,000-square-foot facility exemplifies Johnson Controls’ dedication to the productivity and wellbeing of its nearly 1,500 local employees. New OpenBlue Innovation Center With its new OpenBlue Innovation Center, it also serves as a showcase of solutions for building owners, operators, and other industry leaders to create a new class of smart buildings that are secure, healthy,...
SPX Cooling Tech, LLC, a full-line, full-service industry major in the design and manufacture of evaporative cooling towers and fluid coolers, has announced the opening of a new manufacturing facility in Springfield, Missouri, USA that will expand the company’s capacity, while also allowing current operations to further optimize their legacy Marley® brand products. SPX Cooling opens new manufacturing facility in Springfield “For over 100 years, Marley has been the preeminent ma...
Business Development Resources (BDR), a trusted provider of business coaching and training services for the HVAC, plumbing, and electrical industries, introduces a new program of self-paced online training courses to help service professionals maximize business results and support teams with ongoing training options. “As our industry evolves, the pace of business continues to accelerate,” said Matt MacArthur, Sr. Vice President of Training & Marketing at BDR. “Training rem...
