Innova & Panasonic Alliance
2024-08-14
Innova and Panasonic HVAC Company entered into a capital and business alliance on February 1, 2024, with Panasonic acquiring 40% of Innova’s total shares issued.Through this agreement, both parties will promote comprehensive collaboration on production, sales, and primarily in the technological development of hydronics systems, air conditioning, and ventilation businesses with Internet of Things (IoT) technology.