Mitsubishi Electric Europe B.V. acquired all shares of AQS Produkter AB, a Swedish distributor of comfort, process and IT cooling and heat pump products, on April 1, 2020. The deal strengthens Mitsubishi Electric's commercial business in Sweden.
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.
Flamco, an expansion vessel maker owned by Aalberts, is relocating its offices, distribution centre and expansion vessel production from Bunschoten to a new building in Almere, Netherlands. The first pile has been driven and the move is expected in Q1 2021.
Novatek selected ZiO-Podolsk, part of Atomenergomash, as supplier of cryogenic heat exchangers for its Obsky LNG plant. The plant has a planned capacity of 4.8 million tonnes per year of LNG.
NIBE Industrier signed an agreement to acquire 100% of German heat pump manufacturer WATERKOTTE GmbH, which operates in Herne and Georgsmarienhütte in Germany. The purchase price was not disclosed, and consolidation is expected from 1 April 2020. The announcement was made on 10 March 2020.
NEW ENERGY has completed its headquarters and production base in the Guangzhou Technology Development Zone, with a total investment of 1 billion yuan and annual capacity above 1 million air source heat pump sets. The article gives conflicting timing, with production scheduled for June 2019.
Aprilaire, an indoor air-quality manufacturer, completed a $10 million warehouse at its Poynette facility and continues to expand there. The article reports the warehouse adds about 346,000 square feet of space.
NIBE-BIAWAR has moved production into a new plant in the Białystok subzone of the Suwałki Special Economic Zone and opened a training centre. The first investment stage cost over PLN 25 million.
Navien, Inc., the US subsidiary of Seoul-based KD Navien, will invest $77.5 million to establish its first US manufacturing and assembly plant in a former Lumber Liquidators facility in James City County, Virginia, creating 180 jobs.
NIBE Industrier agreed to acquire 51% of Nathan Holding B.V., a Benelux distributor of heating and cooling solutions based in Zevenaar, with the remaining shares to follow in two stages. Annual sales are about EUR 50 million; the price was not disclosed.
GEA introduced new GEA Bock CO2 compressors designed for supermarkets and distribution centers, announced on February 5, 2020.
Danfoss Group will build a new 10,000 m² hall at its Grodzisk Mazowiecki plant, moving solenoid valve production from Kolding, Denmark. First lines start in early 2021 and about 330 jobs are expected.
Danfoss will close its refrigeration and air conditioning valves factory in Kolding, Denmark, in 2022 with the loss of 335 jobs, moving production to Grodzisk, Poland.
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.
Danfoss plans to close its Arkadelphia, Arkansas manufacturing facility by the end of 2020, affecting 170 employees, citing decreasing market demand for small capacity scroll compressors.
Danfoss Commercial Compressors will close its Arkadelphia, Arkansas plant by the end of 2020 because of declining demand for small scroll compressors, affecting about 170 employees. Production will be consolidated elsewhere.
Nanjing TICA Thermal Technology formalized the acquisition of the operational branch of Italian ORC maker EXERGY from the Maccaferri Industrial Group, following a September 2019 auction. The new company will operate as EXERGY International S.R.L. near Milan.
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.
Canada Economic Development for Quebec Regions will provide a C$3 million repayable contribution to ventilation maker Annexair to move its manufacturing into a new ultra-modern 300,000-square-foot factory in Saint-Germain-de-Grantham, Quebec. The funding targets digital equipment for an Industry 4.0 production concept and biocomposite casings.
Inflexion has agreed to acquire Aspen Pumps, a specialist condensate pump manufacturer, from 3i Group in a deal announced in December 2019. Aspen has over 200 employees and exports to more than 100 countries.
Ventilation systems maker VES is planning a $9 million expansion in Chippewa Falls, Wisconsin, including a 114,000 square foot facility with research and development and production jobs. The company bought a 12.4-acre parcel in the Lake Wissota Business Park and a groundbreaking is scheduled for December 14.
JB Industries, an Aurora, Illinois maker of HVAC/R tools, has completed its acquisition of C&D Valve of Oklahoma City, Oklahoma. Both brands will continue to operate independently.
Airedale, a Modine subsidiary, signed an agreement to supply cooling systems for CyrusOne data centers in Europe, including Dublin and Amsterdam, over an initial two-year period.
Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.
Honeywell is considering a potential $40 million investment to expand capacity at its Baton Rouge, Louisiana plant by 20 million pounds per year of Solstice ze refrigerant, creating 13 new jobs, with completion expected in early 2021.
Panasonic Life Solutions Vietnam began construction of its second factory in Binh Duong, Vietnam, with over $45 million investment, to make ceiling and ventilation fans and start operations in January 2021.
Engineered Specialty Products (ESP) announced the acquisition of Weksler Glass Thermometer Corporation (WGTC), a provider of industrial and bimetal thermometers for the HVAC market, mainly in the Eastern U.S.
Hensel Phelps Services was awarded a three-year contract by the City and County of Denver to repair mechanical equipment in the Denver International Airport Central Utility Plant.
BITZER has begun producing condensers at its Rottenburg-Hailfingen, Germany factory, which it set up after acquiring Alfa Laval's shell and tube evaporator and condenser portfolio in 2018. The first new condenser was made in July 2019 and shipped to a customer, with production moved from Alonte, Italy.
Private equity fund ESSVP IV, advised by Orlando Management AG, has acquired the refrigerator compressor business of Nidec Corporation, operating under the Secop brand, which has over 1,800 employees and plants in Slovakia, Austria and China.
Danfoss Commercial Compressors inaugurated a 3,000 square metre ATEX laboratory at its Reyrieux, France plant on 12 September 2019, a €16 million investment for testing compressors with flammable refrigerants.
Carel inaugurated an expansion of its Manheim, Pennsylvania plant and North American headquarters, adding 40,000 square feet to double the site's size. The site is expected to employ around 70 people.
Hutchinson has taken a majority share in TCSA, a joint venture with MANN+HUMMEL in Laval, France, making thermal management and cooling systems for EV and HEV vehicles. The unit employs around 60 people and is already operational.
Danfoss announced the expansion of its industrial refrigeration line at its Apodaca, Nuevo León plant, where manual refrigeration valves previously imported from China will be assembled locally to supply the Americas by the end of the year.
Trane celebrated a more than $100 million expansion of its Columbia, South Carolina facility, adding over 1 million square feet for advanced manufacturing of commercial HVAC products, alongside a 1,342-kW solar installation.
Marelli and Shanghai Highly signed a memorandum of intent to form a joint venture operating Marelli's compressor and HVAC business, with a definitive agreement targeted for January 2020.
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.
Haier broke ground on an expansion of its Ranjangaon, Pune factory, backed by a Rs 490 crore investment, to add production of new appliance lines and raise the workforce from 1,100 to 2,900.
Kensa Heat Pumps has started construction of a new 900 sqm manufacturing and office facility on its existing site at the former Mount Wellington Mine in Cornwall. The privately funded expansion is expected to provide 150 jobs at capacity.
STULZ announced a new manufacturing plant in Dayton, Tennessee, its second US manufacturing location, expected to create 25 high-skill jobs initially.
Danfoss Mexico has expanded operations at its Apodaca plant by installing a production line for industrial refrigeration valves, previously imported mostly from China. The investment amount was not disclosed.
Pierburg GmbH, part of Rheinmetall Automotive, won a first major European order worth around €50 million from a premium German carmaker for a 2/2 coolant valve. Series production for the customer's vehicles starts in 2021.
Whirlpool Corporation has completed the sale of its Embraco compressor business in Brazil and worldwide to Japanese motor maker Nidec. The deal was first announced in April 2018.
AAON will relocate manufacturing of its SA Series self-contained units to its Longview, Texas facility, investing $28 million and creating 125 jobs. The first expansion phase of 195,000 sq. ft. is due by October 2020.
Chemours formally inaugurated its $300 million Opteon YF production facility in Ingleside, Texas, near Corpus Christi, tripling its Opteon YF capacity. Production started in February 2019.
Nidec Corporation signed an agreement to sell its Secop compressor business to ESSVP IV, a private equity fund advised by Orlando Management AG. Closing is expected in about three months.
British engineering specialist GRE Ltd won a five-figure contract from the European Spallation Source in Lund, Sweden, to develop bespoke ultra-pure water cooling solutions for its linear proton accelerator.
Atlas Copco acquired 100% of Eurochiller, a Mortara, Italy industrial cooling and heat treatment systems maker with about 90 employees and roughly EUR 26 million revenue in 2018. Alantra advised the seller Bravo Invest.
Hanon Systems formally opened Chongqing Hanon Jianshe Automotive Thermal Systems, a 38,000 square meter joint venture plant in Banan district, Chongqing. It will initially supply variable swashplate compressors and heat pump systems to Changan Automobile.
Toyota Industries Denso Air Conditioning Compressor (Kunshan) is investing 130 million yuan to expand its Kunshan, Jiangsu plant, adding automotive AC compressor and die-cast aluminum parts capacity, with production expected in July 2019.