Category: HVAC

Daikin Industries to acquire Austria’s AHT Cooling for $885 million

Daikin Industries Ltd., a renowned Japanese multinational air conditioning (AC) manufacturing firm, is reportedly all set to acquire AHT Cooling Systems, an Austrian commercial refrigeration equipment company, in an $885 million deal. Reports claim, the acquisition, along with the company’s 2016 purchase of Italian refrigeration …

Guangdong Meizhi Compressor Company to build production unit in India

Chinese electrical appliance manufacturer Guangdong Meizhi Compressor Company is reportedly constructing its first manufacturing plant for compressors in India. As per trusted sources, the new facility would be built at the Technology Park at Supa Parner in Maharashtra. Reportedly, Guangdong Meizhi Compressor Company is a …

SGT to improve energy efficiency & readiness for Army Depots

Siemens Government Technologies (SGT), Inc., in its recent announcements has unveiled that under the Energy Savings Performance Contracts (ESPCs) it has received two contract awards separately for the U.S. Army Engineering and Support Center, Huntsville – a chief element of the U.S. Army Corps of …

Brookfield in talks to buy power solutions unit of Johnson Controls

Brookfield Asset Management Inc., a Toronto-based Asset management company, is reportedly nearing a deal to purchase the power solutions business of Johnson Controls International plc – an Ireland-based automotive parts and HVAC company. Reports cite, the acquisition would be this year’s biggest leveraged buy-outs and …