-- New Strategic Partnership with Schneider Electric
During Chillventa held in Germany this October, Panasonic announced a global strategic partnership with Schneider Electric, the global specialist in energy management and automation. The partnership between the two companies is intended to realize integrated heating, ventilation, and air conditioning (HVAC) equipment and building management solutions that bring new levels of control and energy efficiency to the HVAC of today’s commercial buildings.
As a global pioneer in research and innovation, Panasonic is now expanding its air conditioning business as a key area of company growth. Panasonic is targeting double sales in its commercial air conditioning business for fiscal year 2018 (end March 2019). To achieve this, Panasonic is making major investments in the commercial air conditioning sector with a focus on Europe and Asia Oceania as the strategic markets. Through the partnership, Panasonic is looking to utilize Schneider’s strengths, and further enhance its sales network in these markets.