# KRN Heat Exchanger and Refrigeration buys bus AC division of Sphere Refrigeration Systems

KRN Heat Exchanger and Refrigeration, through its subsidiary KRN HVAC Products, signed a Business Transfer Agreement to acquire the bus air-conditioning division of Sphere Refrigeration Systems, including all operations, assets and employees.

- Type: Acquisition
- Announced: 2025-10-08
- Where: India
- Status: announced
- Products: bus air-conditioning systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [KRN Heat Exchanger and Refrigeration Ltd](https://endata.com/companies/79853.md) (acquirer)
- [Sphere Refrigeration Systems](https://endata.com/companies/87714.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/stock-markets/krn-heat-exchanger-and-refrigeration-buys-unit-of-sphere-refrigeration-systems/article70138601.ece), 2025-10-08: "KRN Heat Exchanger and Refrigeration plans to acquire the bus air-conditioning division of Sphere Refrigeration Systems."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.