# Paloma Rheem Holdings acquires majority stake in Groupe Atlantic

Paloma Rheem Holdings Co., Ltd. completed the acquisition of a majority stake in Groupe Atlantic, a European HVAC-R leader, creating a global air and water market leader.

- Type: Acquisition
- Announced: 2026-05-21
- Where: France
- Status: completed
- Products: HVAC-R products, water heating products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Groupe Atlantic](https://endata.com/companies/10117.md) (target)
- [Paloma Rheem Holdings Co., Ltd.](https://endata.com/companies/82121.md) (acquirer)

## Sources

- [lincolninternational.com](https://www.lincolninternational.com/transactions/groupe-atlantic-sold-a-majority-stake-to-paloma-rheem-holdings/), 2026-05-21: "Paloma Rheem Holdings Co., Ltd. (PRH) and Groupe Atlantic announced the completion of PRH’s acquisition of a majority stake in Groupe Atlantic."
- [pr-holdings.co.jp](https://www.pr-holdings.co.jp/en/news/20260522.html), 2026-05-22: "We are delighted to welcome Groupe Atlantic to the PRH group."
- [coolingpost.com](https://www.coolingpost.com/world-news/paloma-rheem-completes-groupe-atlantic-purchase/), 2026-05-25: "A recognized leader in European air conditioning and water heating, they bring expertise and market presence that strengthen our collective capabilities."
- [immittelstand.de](https://www.immittelstand.de/2026/07/03/groupe-atlantic-und-paloma-rheem-bernahme-deal-ist-durch/), 2026-07-03: "Wir freuen uns sehr über diese Partnerschaft mit Paloma Rheem."

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