# Paloma Rheem Holdings completes tender offer for Fujitsu General

Paloma Rheem Holdings completed its tender offer for Fujitsu General, acquiring nearly 47% of voting shares. The deal is valued at approximately $2 billion market cap. Shares will officially change hands on June 5, 2025.

- Type: Acquisition
- Announced: 2025-05-29
- Where: Japan
- Value: $1.62B (1.58B EUR)
- Status: completed
- Products: HVAC systems, ductless air conditioners, VRF products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

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

## Sources

- [homepros.news](https://homepros.news/rheem-parent-moves-forward-with-fujitsu-hvac-acquisition/), 2025-05-30: "The deal will enable 'more in-depth collaboration for sales of a wider range of [Fujitsu] products through [Rheem's] extensive sales channels for air conditioners and water heaters in North America'"
- [climatizacion-y-confort.cdecomunicacion.es](https://climatizacion-y-confort.cdecomunicacion.es/noticias/aire-acondicionado/147693/paloma-rheem-completa-la-adquisicion-de-fujitsu-general), 2025-06-06: "El número total de acciones ofrecidas alcanzó el 46,56 %, superando el umbral mínimo establecido por Paloma Rheems, por lo que el fabricante nipón adquirirá la totalidad de las acciones."

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