# 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.

- Type: Acquisition
- Announced: 2024-02-13
- Where: Italy, Italy
- Status: announced
- Products: air conditioning systems, heat pump systems, hydronic systems, fan coil units, IoT solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md) (acquirer)
- [Innova Group](https://endata.com/companies/12390.md) (target)

## Sources

- [racplus.com](https://www.racplus.com/news/panasonic-acquires-40-per-cent-stake-in-hvacr-specialist-innova-13-02-2024/), 2024-02-13: "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."

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