Airedale NHS Foundation Trust, through AGH Solutions, awarded Mitsubishi Electric Europe a £133,759 contract to replace failed compressors in air source heat pumps serving its modular ICU, with a duration of 5 months.

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.

Pentair plc completed its approximately $1.4 billion acquisition of Taco Group Holdings, a maker of hydronic and water-based pumps, valves and controls for HVAC, plumbing and industrial markets, on October 1, 2026.

Vertiv is adding about 22,000 square meters of production capacity at its Nové Mesto nad Váhom site in Slovakia to make power and cooling solutions for digital infrastructure. The project is expected to create hundreds of jobs in 2027 to 2029.

Tecumseh do Brasil will invest R$80 million to start production of its VR3 refrigeration compressor in São Carlos, São Paulo, with R$64 million for capacity and R$16 million for R&D and line adaptation. First deliveries are planned for the second half of 2026.

Patels Airtemp India received a fixed-price order worth $23,663,860 (about ₹226 crore) from Dangote Petroleum Refinery in Nigeria for air-cooled heat exchangers. Execution is planned over 12 months.

Danfoss Climate Solutions added a new assembly line for oil-free check valves at its Monterrey, Mexico factory for Turbocor compressor applications. The line will produce 12 models to support North American OEM customers.

Danfoss opened a new production line at its Monterrey, Mexico plant to assemble oil-free check valves used with Turbocor compressors, with 12 models planned to serve North American OEM customers.

Clivet S.p.A. has opened a new 14,000 square metre plant in Feltre for heat pump production, with a total investment of 24 million euros. At full capacity it will produce 8,800 units per year.

Halton Wales, part of Halton Group, was awarded a contract by Axima UK to supply high-integrity HVAC dampers from its Ebbw Vale facility for the Sizewell C nuclear project in the UK. The contract is valued at several tens of millions of euros.

Hanon Systems secured C$10 million in government support from Canada for its electric compressor plant and R&D center in Vaughan, Ontario, within a total project valued at C$198.75 million. The plant targets up to 1.5 million compressors a year by 2034.

Ningbo BaoSi Energy Equipment's subsidiary acquired land use rights for a 157,604.54 sqm site in Jiangxi for RMB 18.4397 million for a new refrigerant compressor and heat pump production base, funded by a RMB 500 million capital injection.

Pentair agreed to acquire Taco, which will join its Water Solutions segment and keep the Taco brand, with a significant presence in Cranston, Rhode Island. The deal is aimed at high-growth North American end-markets.

Pentair agreed to acquire Cranston, Rhode Island-based Taco Group Holdings, maker of pumps, valves, tanks and heat exchangers, in a deal valued at about $1.4 billion. Closing is expected in Q4 2026, and Pentair says Taco will operate as a stand-alone business.

Baosi Co plans to inject 500 million yuan cash into its subsidiary Jiangxi Baosi Industrial Chain Service to build a smart factory in Jiangxi making 30,000 refrigerant compressors and heat pumps a year over 18 months.

SPX Technologies completed the acquisition of Neptronic Inc. for a total cash consideration of CA$605 million.

Vertiv is expanding chiller manufacturing and adding a large-scale testing laboratory at its Tognana campus near Padua, Italy, expecting to double regional chiller capacity by end-2026 and finish the lab in early 2027.

Noel Tata announced at Voltas's annual general meeting that he will step down as chairman, with that meeting being his final AGM in the role.

Voltas plans to invest around Rs 200 crore during FY27 and is assessing in-house compressor manufacturing to strengthen backward integration, according to Chairman Noel Tata at the AGM.

Pentair plc agreed to acquire Taco Group Holdings, a hydronic and water-based HVAC solutions maker based in Cranston, Rhode Island, for about $1.4 billion, subject to customary adjustments, announced 28 July 2026.

Sanden Corporation has won its first business for its new high-capacity PX compressor Large PX (180cc) from a major European OEM. Mass production is scheduled to begin in 2028.

Astorg portfolio company IPCOM, a European specialty distributor of insulation products, acquired a majority stake in Le Froid Pecomark, a French distributor of refrigeration, heat pump and ventilation equipment. No deal value was disclosed.

Danfoss is investing an additional €10 million in its heat pump component factory in Reyrieux, France, expanding its European heat pump component manufacturing capacity.

GROUPE ATLANTIC is investing nearly €150 million in a new 35,000 square metre heat pump factory in the Chalon region of Saône-et-Loire, expected to create 300 jobs and add 180,000 units a year by 2028.

Danfoss announced an additional €10 million investment in its Reyrieux, France production site, which makes heat pump components. The upgrade includes on-site renewable power, energy efficiency measures and refurbished workspaces, building on €61 million invested there from 2015 to 2025.

FläktGroup announced Project GAGAN, a new production facility in Pune, Maharashtra, with an investment of €5.7 million. Once fully ramped up, the plant will make up to 6,500 units a year, including air handling units, fan wall units, CRAH/CRAC units, coolant distribution units and coils.

Nidec Global Appliance has entered a major construction phase for its compressor plant in Chhatrapati Sambhaji Nagar, Maharashtra, with commercial production scheduled for the final quarter of 2026.

SWEP, part of Dover, will invest an additional $30M through 2026-2027 to expand manufacturing capacity across its five factories worldwide and its Tulsa, Oklahoma plant, more than doubling capacity for larger products.

Johnson Controls expanded its Holme, Denmark heat pump and chiller plant, adding 2,300 square meters of production space and a 1,800 square meter test center, doubling capacity and creating more than 100 local jobs.

Johnson Controls opened the expanded Holme facility near Aarhus, Denmark, doubling heat pump production capacity and adding a test centre. The project is expected to create more than 100 local jobs.

STULZ USA announced plans to construct a new facility of about 300,000 square feet adjacent to its Denton, Texas site opened in 2025, for manufacturing and testing of air-cooled and liquid-cooled cooling solutions. The facility is expected to open in Spring 2027 and create hundreds of jobs.

Danfoss inaugurated an automated production line for large electronic expansion valves at its Wuqing plant in Tianjin on April 14, 2026, to serve Asia-Pacific and global customers.

Danfoss plans to invest ₹1,500 crore in India by 2030 to increase local production, expand capacity and roll out new technology. The focus includes local compressor production for data-center cooling.

Alfa Laval is investing in a multi-year expansion of its Richmond, Virginia factory to double heat exchanger production capacity by mid-2028, driven by data center demand.

Garrett Motion received its first serial production award in mobility from Chinese manufacturer Cling for oil-free centrifugal compressors for electric bus and truck HVAC systems. Production is scheduled to start in 2027.

KITZ Corporation announced an investment in Tecofi, a French industrial valve manufacturer founded in 1985, alongside existing shareholders Bpifrance and Garibaldi Participations.

Copeland India has completed Phase I of its Rs 500 crore expansion at its Atit plant near Pune, Maharashtra. The phase localises scroll hermetic compressor manufacturing, with production of 5 HP scroll compressors started.

Rechi India, a joint venture of Daikin Air-conditioning India and Taiwan's Rechi Precision, has started construction of a rotary compressor plant in Sri City, India, on 33.10 acres. Phase I involves an investment of Rs 547 crore, with capacity rising from 2 million to 9 million units in the final phase.

SPX Technologies completed its acquisition of Crawford United, a Cleveland-based holding company, for an aggregate transaction value of about $300 million. The air-handling segment joins SPX's HVAC business, and non-core aerospace and transportation units are being sold.

Copeland completed the first phase of its INR 500 crore expansion at its Atit plant near Pune, India, rolling out its first locally made 5 HP scroll compressors. The expansion makes Copeland the only domestic producer of these hermetic scroll compressors.

Danfoss has acquired Palladio Compressors to expand its compressor portfolio with screw compressors for industrial heat pumps and commercial refrigeration. The announcement was made on January 6, 2026.

Bessemer Investors has completed the sale of Leonard Valve Company, a Cranston, Rhode Island maker of water temperature control valves and mixing systems, to A. O. Smith Corporation. The deal was first agreed in November 2025.

Falu Energi & Vatten awarded a contract for a 2.4-2.6 MW liquid-cooled compressor chiller for district cooling production in Falun, Sweden, to five winners including Carrier and Johnson Controls. The total awarded value is 27,477,904 SEK, about 2.5 million EUR.

Ariston Group opened a factory in Niš, Serbia, employing 175 people, with serial production of cylinders and heat pump parts expected to start in April 2026. Headcount is planned to reach 300 at full capacity.

Horton, a cooling solutions manufacturer, is investing $15 million to add 100,000 square feet at its Westminster facility in Oconee County, South Carolina, doubling manufacturing area to increase production of cooling fans and fan clutches.

Nidec ACIM inaugurated a new production line for Embraco FMS variable-speed compressors at its Joinville plant, with capacity of up to 5 million units per year and over 220 direct jobs.

Victaulic showed its new Series 250 butterfly valve for domestic water, technical cooling and HVAC systems at elementalLONDON on November 19-20, 2025.

Modine officially opened a 155,000-square-foot manufacturing facility in Franklin, Wisconsin, to produce Airedale by Modine data center cooling products. It is part of a multi-year USD 100 million investment announced in July, and is expected to create more than 300 jobs by March 2026.

A. O. Smith signed a definitive agreement to acquire LVC Holdco LLC, parent of Leonard Valve of Cranston, Rhode Island, for $470 million all-cash, subject to adjustments, with closing expected in Q1 2026.

German industrial holding Nimbus agreed to acquire the Kompressortechnik unit of Hoerbiger, which makes compressor components for refrigeration and brake air systems, with operations in Germany, China and India and about 300 employees, mostly in Schongau. Closing is expected in early 2026; the price was not disclosed.