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.

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.

Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9bn in cash from the merger financing.

Nidec agreed to sell its entire Secop refrigeration compressor business to ESSVP IV and Silenos GmbH, subject to approvals in Germany, Austria, Spain and by the European Commission.

The European Commission approved Nidec's proposed acquisition of Embraco, Whirlpool's refrigeration compressor business, subject to Nidec's commitments. The clearance decision was dated 12 April 2019.

Elliott Group completed the merger of Ebara International Corporation, based in Sparks, Nevada, with its Jeannette, Pennsylvania operations, effective from 1 April 2019. Cryodynamics cryogenic pumps are now made at Elliott's Jeannette factory.

CEO Viren Patel completed the acquisition of Fluid Energy Controls, a City of Industry, California maker of custom accumulators and fluid power distributor, effective April 1 (2019).

Gas boiler maker Remeha announced it is taking over Dutch heat pump specialist Techneco, which will continue as an independent subsidiary. The deal is aimed at making Remeha a market leader in heat pumps.

NIBE Industrier AB signed an agreement to acquire 51% of the EMIN Group, a 340-employee maker of fluid coupling systems with operations in Turkey and Serbia, with a call option on a further 29% in 2025. Completion is expected in eight weeks, subject to Turkish competition approval.

China's Sanhua Holding Group acquired American Tubing International, a Springdale, Arkansas maker of copper tubing for air conditioning and refrigeration, in July 2018. Financial terms were not disclosed.

Nidec completed its acquisition of Whirlpool Corporation's compressor business, Embraco, on 2 July 2019 after European Commission approval. Embraco operates in Brazil.

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.

Nidec Corporation acquired 100% of CIMA S.p.A., a Vicenza-based maker of commercial motors for ventilation and fans, on July 2, 2018. The deal strengthens Nidec's European commercial motor business.

Danfoss acquired additional shares in Finnish IoT building-energy firm Leanheat, bringing its total ownership to 46 per cent from 23 per cent acquired in 2016. The deal strengthens its building energy optimization offering.

Nidec Corporation agreed to buy Whirlpool's Embraco compressor business for $1.08 billion in cash. The deal excludes Embraco Europe srl in Riva di Chieri, Italy, where Whirlpool plans to end production.

Stiebel Eltron Group and Danfoss finalized an agreement for Stiebel Eltron to acquire Danfoss Värmepumpar AB (Thermia), with activities in Sweden, Finland and Norway. Thermia has annual turnover of about 650 million SEK and 210 employees.

Ingersoll-Rand and Mitsubishi Electric Corporation agreed to establish a 50-50 joint venture for ductless and VRF HVAC systems, pending global antitrust review. The agreement was reported on January 17, 2018.

Oklahoma-based Kelvion bought Rocore Group, whose Knoxville plant had shut in 2015, in 2018. Kelvion reopened the plant as an HVAC factory.

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.

EVAPCO Inc. acquired Alcoil USA LLC, a York, Pennsylvania maker of micro-channel and brazed aluminum heat exchangers, forming EVAPCO Alcoil, Inc. which will operate from the existing Alcoil site.

Taco Family of Companies acquired the Taconova Group, a Zurich-headquartered maker of hydronic heating, balancing, underfloor heating and valve solutions. The deal strengthens Taco's presence in Europe.

Private-equity-owned CoolSys has acquired Certified Refrigeration and Mechanical, according to PE Hub. The article gives no price or location details.

Hudson Technologies agreed to acquire Airgas-Refrigerants for $220 million, financed with cash and borrowings under an enhanced asset-based lending facility, with no new equity issued.

Resolute Industrial, a Wheeling, Illinois-based HVAC and compressor equipment rental company backed by One Equity Partners, completed its acquisition of Detroit-based Tioga HVAC Rentals. Terms were not disclosed.

Mill Street has acquired Nottawasaga Mechanical, a provider of heating, refrigeration and air conditioning services, as reported on 2017-08-04.

Nidec Corporation completed the acquisition of 100% of Secop Holding GmbH and other Secop entities, German compressor manufacturer, from Aurelius on July 31, 2017. The companies are being renamed Nidec Global Appliance entities.

Spirax-Sarco Engineering agreed to acquire US-based thermal technologies company Chromalox from Irving Place Capital for a cash-free, debt-free consideration of US$415 million.

Carrier Enterprise, a Watsco-Carrier joint venture, acquired a 35% ownership stake in Russell Sigler, Inc., a western U.S. HVAC distributor with about $650 million in annual sales, for approximately $63.6 million in cash.

Mueller Industries, a maker of valves, tubing and fittings for plumbing and HVACR piping, has announced the acquisition of PexCor Manufacturing Company.

Spirax-Sarco Engineering agreed to buy Pittsburgh-based thermal technology company Chromalox from Irving Place Capital for $415 million on a cash-free, debt-free basis, financed by new bank debt. Chromalox has five manufacturing facilities across North America, France and China.

Japanese motor maker Nidec plans to fully acquire the Secop group, a German refrigerator components maker, in a deal valued at $227 million. The move aims to capture demand from tightening environmental regulations.

A company backed by Permira funds signed a definitive agreement to acquire Atlanta-based DiversiTech, a manufacturer and supplier of HVACR aftermarket components, from an affiliate of The Jordan Company. The senior management team will remain significant owners.

Keihin IPT Mfg, LLC completed its acquisition of Keihin Aircon North America, Inc. from Keihin Corporation and others in April 2017, after agreeing the deal on February 21, 2017.

NIBE Industrier acquired 50% of the shares in heat pump company CGC Group of Companies, which has a manufacturing facility in Fergus, Ontario, with an option to buy the rest by spring 2022. The purchase price was not disclosed.

BITZER, the refrigeration compressor maker, announced the acquisition of ElectraTherm, a Reno, Nevada company making Organic Rankine Cycle waste heat to power generators. The deal gives BITZER a US subsidiary entry into the waste heat to power market.

Sparta, Wisconsin-based Multistack LLC has acquired Germantown, Wisconsin-based Desert Aire Corp., a maker of commercial and industrial humidity and climate control systems. Desert Aire will operate as a wholly owned subsidiary.

Alfa Laval and Honeywell are reportedly bidding for Munters, a climate control maker owned by Nordic Capital, in a potential deal of 10 billion Swedish crowns, according to sources.