HVAC and Industrial Refrigeration

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.