# Fujitsu General to make ABS Aircon Engineers a subsidiary in India

Fujitsu General signed an agreement to invest INR 510 million (approx. JPY 867 million) for a 52% stake in ABS Aircon Engineers, an HVAC contractor in India, to expand its commercial air conditioner business.

- Type: Acquisition
- Announced: 2018-10-11
- Where: India
- Value: $7.00M (510.0M INR)
- Status: announced
- Products: commercial air conditioners, VRF systems, chillers, air handling units
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Fujitsu General](https://endata.com/companies/28285.md) (acquirer)
- [ABS Aircon Engineers](https://endata.com/companies/34829.md) (target)

## Sources

- [generalww.com](https://www.generalww.com/global/news/2018/10/18-V03-15/index.html), 2018-10-11: "Fujitsu General has signed an agreement with ABS Aircon Engineers Private Limited to invest in it... to make ABS into our subsidiary in late October."

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