# 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.

- Type: Acquisition
- Announced: 2025-02-21
- Where: Japan
- Value: $1.60B
- Status: announced
- Products: heat pumps, water heating equipment, gas water heaters, gas stoves
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Fujitsu General](https://endata.com/companies/28285.md) (target)
- [Fujitsu](https://endata.com/companies/43390.md) (investor)
- [Fujitsu](https://endata.com/companies/43390.md) (partner)
- [Paloma Rheem Holdings Co., Ltd.](https://endata.com/companies/82121.md) (acquirer)

## Sources

- [hpacmag.com](https://www.hpacmag.com/heating-plumbing-air-conditioning-general/paloma-rheem-to-acquire-fujitsu-general/1004143787/), 2025-02-21: "We are very pleased to announce that Paloma Rheem and Fujitsu General have agreed to collaborate fully together while respecting Fujitsu General’s independence."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/paloma-rheem-holdings-gets-cci-nod-to-acquire-fujitsu-general-for-1-6-billion/), 2025-02-27: "The proposed transaction relates to Paloma Rheem's acquisition of the entire shareholding of Fujitsu."
- [energy-manager.ca](https://www.energy-manager.ca/paloma-rheem-to-acquire-fujitsu-general/), 2025-03-10: "We are very pleased to announce that Paloma Rheem and Fujitsu General have agreed to collaborate fully together while respecting Fujitsu General’s independence."

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