# KRN Heat Exchanger acquires Bus AC division from Sphere Refrigeration Systems

KRN Heat Exchanger acquired the Bus AC division from Sphere Refrigeration Systems, providing entry into the ₹1,000 crore+ pan-India Bus AC market.

- Type: Acquisition
- Announced: 2026-05-15
- Where: India
- Status: completed
- Products: Bus AC systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.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

- [investywise.com](https://www.investywise.com/krn-heat-exchanger-q4-and-fy26-financial-results/), 2026-05-15: "A key milestone in FY26 was the asset-and-team acquisition of the Bus AC division from 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.