# Bingshan Refrigeration completes acquisition of Panasonic Compressor and Panasonic Refrigeration System stakes

Bingshan Refrigeration Technology completed the acquisition of 60% of Panasonic Compressor (Dalian) and 55% of Panasonic Refrigeration System (Dalian) for a total of 1,010.88 million yuan. The asset transfer was registered on November 11, 2022.

- Type: Acquisition
- Announced: 2022-11-14
- Where: Dalian, China
- Value: $140.0M (1.01B CNY)
- Status: completed
- Products: compressors, refrigeration systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Sanyo Electric](https://endata.com/companies/9738.md) (partner)
- [Bingshan Refrigeration Technology Co., Ltd.](https://endata.com/companies/63855.md) (acquirer)
- [Panasonic Compressor (Dalian)](https://endata.com/companies/64571.md) (target)
- [Panasonic China](https://endata.com/companies/64574.md) (partner)
- [Panasonic Cold Chain (Dalian)](https://endata.com/companies/64575.md) (partner)
- [Panasonic Refrigeration System (Dalian)](https://endata.com/companies/68355.md) (target)

## Sources

- [shifair.com](https://www.shifair.com/informationDetails/57555.html), 2023-02-06: "三洋电机持有的松下压缩机60%股权、松下中国持有的松下冷机30%股权、松下冷链持有的松下冷机25%股权已经变更登记至冰山冷热名下，标的资产已完成过户登记。"

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