# Panasonic to acquire Kauko Oy's heat pump business

Panasonic will acquire the heat pump business unit of Kauko Oy, part of Aspo Group, effective January 1, 2020. All employees of the unit will transfer to Panasonic.

- Type: Acquisition
- Announced: 2019-12-02
- Where: Finland
- Status: announced
- Products: heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md) (acquirer)
- [Kauko Oy](https://endata.com/companies/43637.md) (target)
- [Aspo Group](https://endata.com/companies/43638.md) (investor)

## Sources

- [aspo.com](https://www.aspo.com/press-releases/panasonic-to-acquire-kauko-oys-air-conditioning-business-1954617), 2019-12-02: "We are pleased about the arrangement announced today and confident that it will be in the best interests of our customers in the heat pump market, our retailers, Kauko employees and Panasonic."
- [coolingindia.in](https://www.coolingindia.in/panasonic-to-acquire-kauko-oys-air-conditioning-business/), 2019-12-16: "All Kauko employees of the heat pump business unit will join Panasonic, and in addition to sales, all aftermarket operations such as after-sales service and repairs are transferred to Panasonic."

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