Atlas Copco completed its acquisition of Chinese heating and cooling equipment maker Guangdong Euroklimat on 2 October 2026, adding industrial heat pumps, chillers and thermal management equipment to its Oil-free Air division. The purchase price was not disclosed.

Bingshan Refrigeration announced plans to acquire 60% of Panasonic Compressor from Sanyo Electric and 55% of Panasonic Refrigeration for a combined cash price of RMB 1.011 billion, giving it full ownership of both.

Marelli and Highly International signed an agreement to create Highly Marelli Holdings, a joint venture focused on electrified compressors and HVAC, with legal closing planned for early January 2021.

Marelli agreed an equity transfer agreement with Johnson Controls-Hitachi to acquire an equity interest in Shanghai Highly New Energy Technology, an electric compressor maker, with completion estimated in Q3 2019.

Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.