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Panasonic acquires 40% stake in HVACR specialist Innova · Endata

◂ Announcements

Feb 13, 2024ACQUISITIONItaly, Italy

Panasonic acquires 40% stake in HVACR specialist Innova

Panasonic has acquired a 40% stake in Italy-based hydronic system manufacturer Innova to collaborate on air conditioning, heat pump systems and IoT integration.

Status

Announced

Productsair conditioning systemsheat pump systemshydronic systemsfan coil unitsIoT solutions

CompaniesPanasonic acquirer Innova Group target

Sectors#HVAC and Industrial Refrigeration

“Panasonic has taken a 40 per cent stake in Italy-based hydronic system manufacturer Innova in a bid to scale-up its expertise in developing domestic cooling and heating systems.”racplus.com

1 source
racplus.comPanasonic acquires 40 per cent stake in HVACR specialist Innova - Refrigeration and Air ConditioningNeil MerrettFeb 13, 2024

Summarized from public sources; check the original articles before acting on it.

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