# Panasonic to acquire all shares of Area Cooling Solutions, a Polish refrigeration equipment manufacturer

Panasonic Corporation announced it has entered into an agreement with Cooling Solutions S.L. to purchase all the shares of its subsidiary Area Cooling Solutions Sp. z o.o., a Polish refrigeration equipment manufacturer. The acquisition aims to strengthen Panasonic's condensing unit business in Europe.

- Type: Acquisition
- Announced: 2024-07-09
- Where: Poland, Poland
- Status: announced
- Products: condensing units, CO2 condensing units, inverter-controlled condensing units
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md) (acquirer)
- [Area Cooling Solutions Sp. z o.o.](https://endata.com/companies/78501.md) (target)
- [Cooling Solutions S.L.](https://endata.com/companies/78502.md) (partner)
- [Cooling Solutions](https://endata.com/companies/78521.md) (partner)

## Sources

- [news.panasonic.com](https://news.panasonic.com/global/press/en240709-3), 2024-07-09: "This transaction is a strategic step for Panasonic to strengthen its condensing unit business in the European market and to accelerate its ongoing global expansion."
- [naturalrefrigerants.com](https://naturalrefrigerants.com/news/panasonic-to-acquire-co2-condensing-unit-oem-area-cooling/), 2024-07-09: "This transaction is a strategic step for Panasonic to strengthen its condensing unit business in the European market and to accelerate its ongoing global expansion."
- [aircon.panasonic.eu](https://www.aircon.panasonic.eu/NL_nl/news/new/panasonic-neemt-alle-aandelen-van-area-cooling-over/), 2024-08-07: "Deze transactie is een strategische stap voor Panasonic om zijn activiteiten op het gebied van koelunits op de Europese markt te versterken."

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