World News

CANADA: The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) has received CA$500,000 (US$366,000) to help address the country's heat pump skills gap.

INDIA: An 18-year-old man died and his 17-year-old friend was reportedly critically injured after being struck by a falling air conditioning condensing unit.

USA: With the sale of Carrier Commercial Refrigeration set to be completed in Q3, Carrier has now agreed the sale of its Commercial and Residential Fire business for $3bn.

UK: Andrew Chandler, MD, CEO and founder of Glasgow-based controls company Resource Data Management (RDM) is set to retire after 43 years in the HVACR industry.

GERMANY/USA: The Viessmann Generations Group has signed an agreement to acquire US-based insulated panel systems manufacturer KPS Global LLC.

USA: Emerson has today announced the completion of the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone.

ITALY: Customs authorities have intercepted over 40 tonnes of illegal HFC refrigerant at the port of Gioia Tauro, Italy. 

USA: A newly-formed, Miami-based investment firm is looking to invest in founder-owned US HVAC parts and equipment distribution businesses.

GERMANY: Chillventa 2024 looks set to bounce back to its pre-covid best, with the exhibition organiser’s website now showing just short of 1,000 exhibitors booked for the show in October.

DENMARK/GERMANY: Tefcold, the Danish commercial refrigeration equipment wholesaler, has acquired German cooler and freezer company Eureka.

GERMANY/BELGIUM: Daikin Europe is to use AI-enabled product lifecycle intelligence software to establish a comprehensive approach to managing sustainability, cost, and compliance with its product designs.

USA: Manufacturers A O Smith, Daikin, Modine and Bitzer are set to share nearly $85m of funding to support the US production of heat pumps. 

UK/DENMARK: Constellation Cold Logistics, a leading European cold storage and logistics provider, has entered into an agreement to acquire Agri-Norcold A/S. 

NETHERLANDS/IRELAND: Coolworld Rentals, a European specialist in industrial temperature control asset rental solutions, has acquired modular cold storage company CRS.

JAPAN: Car manufacturer Nissan has been trialing an innovative paint aimed at helping lower a vehicle’s ambient cabin temperature in summer and reduce the energy usage of the air conditioning system.

JAPAN: Daikin has reported Q1 air conditioning and refrigeration sales up 15.5% year-on-year to JPY1,168,861m (US$8,101m), with operating profit up 0.6% at JPY104,355m (US$722m).

AUSTRALIA: Health officials in Melbourne may have located the source of a legionnaires’ disease outbreak that has claimed two lives. 

JAPAN: Panasonic has begun an experiment to use heat produced during power generation using pure hydrogen fuel cell generators as a heat source for an absorption chiller. 

UAE: Stulz, the German mission critical air conditioning manufacturer, has announced the opening of a new centre of excellence in Dubai. 

GERMANY: MTA Deutschland, the German subsidiary of the Italian refrigeration and air conditioning manufacturer, has announced changes to its management and plans to merge its three German businesses.

SPAIN: Swedish wholesaler Beijer Ref is to acquire a majority shareholding in the GIA Group, one of Spain’s leading air conditioning suppliers.

ITALY: Lindbergh SpA, a group active in Italy and France in the maintenance, repair and operations sector, is to acquire the Italian contractors ITR Srl and Eco Manutenzioni Impianti Srl.

IRELAND: Johnson Controls chairman and CEO George R Oliver is to step down from the role he has held since 2017.

EGYPT: LG has signed a deal with Egyptian company Raya Electric to manufacture its LG-branded residential air conditioners in the country.

UK/USA: Airedale by Modine has launched its Cooling System Optimizer data centre cooling controls system in the US.

DENMARK: Danish refrigeration specialist SA-AL Køleteknik ApS, part of the Swedish Nordic Climate Group, has acquired fellow Danish contractor Polarkøl ApS.

USA: Lennox celebrated the 25th Anniversary of its initial public offering, today, with CEO Alok Maskara ringing the closing bell at the New York Stock Exchange.