The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Fujitsu General Sells HVAC Business

Fujitsu General Sells HVAC Business
07 January 2025
 

Fujitsu has agreed to sell its air conditioning arm to Paloma Rheem Holdings.

IT firm Fujitsu will transfer its 44 per cent stake in Fujitsu General for a total consideration of 92 billion yen.  Paloma Rheem is a Japanese holding company which owns appliance and HVAC manufacturer Rheem.

In an official release, Fujitsu said that the sale will help them transform into a “digital transformation” company and grow key areas such as service solutions centred on highly digital and cloud services, including Fujitsu Uvance.

The release also cited uncertain global economic conditions, changes in consumer behaviour, rising raw material prices, and market competition as reasons for the deal.  

The tender offer is expected to commence in early July 2025, subject to regulatory approvals.

Picture: a photograph of a glass-fronted building with the Fujitsu logo on it. Image Credit: Adobe Stock

Article written by Ella Tansley | Published 07 January 2025

Share



Related Articles

Mecsia Acquires Scott Combustion

M&E maintenance provider Mecsia has acquired the building services company Scott Combustion. The acquisition will allow Mecsia to expand its nationwide building...

 Read Full Article
Apleona Buys German HVAC Specialist

Apleona has acquired the ventilation and air conditioning company Air for All, based in Gerlingen near Stuttgart. Air for All’s existing management team...

 Read Full Article
BNP Paribas Finalises Acquisition of AXA Investment Managers  

AXA has sold its investment arm to BNP Paribas Cardif for cash proceeds of €5.1 billion. BNP Paribas Cardif is the insurance subsidiary of BNP Paribas, and has...

 Read Full Article
Bellrock Acquires Summers-Inman Construction and Property Consultants

Bellrock has acquired cost management firm Summers-Inman Construction and Property Consultants LLP. Based in Newcastle, Summers-Inman provides cost management,...

 Read Full Article
Robinsons Facilities Services Acquires Bensons Gas Engineering

North Yorkshire-based Robinsons Facilities Services has acquired the assets and client portfolio of Bensons Gas Engineering. Robinsons, which already maintains...

 Read Full Article
Mitie to Acquire TIC Provider Marlowe 

Mitie is set to complete the acquisition of Marlowe plc in summer 2025, following shareholder approval. Marlowe provides Testing, Inspection and Compliance (TIC)...

 Read Full Article
Revolutionising HVAC – Reducing Emissions for a Sustainable Future

Luke Gorman from ABM explores the impact of HVAC on the environment and how facilities management now functions as a strategic ESG partner. Luke graduated from...

 Read Full Article
ABM Acquires LMC FM

Global FM business ABM UK & Ireland has acquired Dublin-based facilities service provider LMC FM. The deal is part of ABM’s strategy to grow via strategic...

 Read Full Article
London Drainage Facilities Completes First Acquisition of 2025

London Drainage Facilities has acquired Lewes-based drainage and plumbing services provider BlockBusters. This will allow London Drainage Facilities to expand its...

 Read Full Article
Transport for London Adopts HVAC Optimisation Sensors Across Estate

A smart sensor trial at Transport for London’s Stratford office is predicted to cut 40 tonnes of carbon dioxide emissions annually. The year-long pilot, a...

 Read Full Article