Paloma Rheem to acquire Fujitsu General for undisclosed sum

Paloma Rheem, parent of Rheem and Paloma, will acquire Fujitsu General, a residential and commercial heat pump producer, as a wholly-owned subsidiary. The transaction is expected to close in July 2025.

“We are very pleased to announce that Paloma Rheem and Fujitsu General have agreed to collaborate fully together while respecting Fujitsu General’s independence.”hpacmag.com

• 3 sources
• hpacmag.comPaloma Rheem to acquire Fujitsu General - HPAC MagazineJack BurtonFeb 21, 2025
• mnacritique.mergersindia.comPaloma Rheem Holdings gets CCI nod to acquire Fujitsu General for $1.6 billion | M&A CritiqueFeb 27, 2025
• energy-manager.caPaloma Rheem to acquire Fujitsu General - Energy ManagerDoug PicklykMar 10, 2025

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