Nidec is investing more than 22 million euros over the next two years at its Fürstenfeld site in Austria, for a new inverter production line and production of its ATOM compressor family.

KSB has invested several million euros to acquire an interest of almost 20% in Ecop, an Austrian developer of large industrial heat pumps. The stake gives KSB access to the market for large heat pumps.

Austrian heat pump maker iDM is investing about 35 million euros in a new 10,500 square meter production hall in Matrei, targeting 40,000 heat pumps per year, with completion and commissioning planned for July 2023.

Spirotech is acquiring the Austrian family business EDER, including its pressurisation technology and about 90 employees, effective 1 January 2022. The deal adds EDER's pressurisation solutions to Spirotech's HVAC system water quality range.

Heat pump maker Ochsner is establishing a new site on a three-hectare plot in Oed, Lower Austria, with construction starting in 2022 and up to 200 jobs at full build-out. The site is planned to produce up to 20,000 heat pumps per year.

Heat pump maker Ochsner has broken ground on a three-stage expansion of its Haag production and administration site, investing a double-digit million euro sum over four years. Annual output is set to rise from 10,000 to 20,000 units.

Heat pump maker iDM has appointed Christoph Bacher as technical managing director alongside Hans-Jörg Hoheisel in Matrei, Austria. Bacher will oversee production, R&D and digitalisation.

Nidec signed a definitive agreement with Secop Austria to acquire the Delta household refrigeration compressor production line in Fürstenfeld, taking over about 40 employees. Closing is expected by June 1, 2020.

Heat pump maker Ochsner Wärmepumpen will invest €5 million to expand its plant in Haag, Lower Austria, its largest expansion in company history, more than doubling production capacity. Groundbreaking is planned for April 2020 with completion by mid-2021.

The European Commission announced it would investigate planned job losses at a divested compressor plant in Fürstenfeld, Austria, after Nidec acquired Whirlpool's Embraco compressor business under conditional merger approval. The job cuts were announced in October 2019 and reportedly affect around 250 employees.

Nidec signed a definitive agreement to acquire the Delta production line from Secop Austria through its Nidec Global Appliance Italy subsidiary and Austrian company. The agreement was signed on 31 March 2020.