Cover Story
Copeland Reborn as a New Standalone Business after Blackston
On May 31, 2023, Emerson announced jointly with Blackstone that private equity funds managed by Blackstone have completed the previously announced acquisition of a majority stake in Emerson’s Cl...
U.S. Poised to Embrace Heat Pump Heating on a Large Scale
The United States has mainly used gas-and oil-fired equipment for space heating and hot water supply for many years, but it is now making a decisive shift to electric heat pump heating and hot water s...
Europe Accelerates HFC Phase-out
On March 30, 2023, the European Parliament decided to accelerate the phase-down of fluorinated greenhouse gases (F-gases) and to achieve total phase-out of hydrofluorocarbons (HFCs) by 2050. Then on A...
A Revolution in the European Heating Industry – Report on IS
ISH 2023, the world’s leading trade fair for heating, ventilation, and air conditioning (HVAC) plus water, was held from March 13 to 17 at Frankfurt am Main in Germany. During the five-day fa...
2023 AHR Expo – Largest Global HVAC&R Tech Display in Post-p
The 2023 AHR Expo was successf ul ly held f rom February 6 to 8 at Georgia World Congress Center in Atlanta, Georgia, the United States. The three-day event attracted a total of almost 42,800 attendee...
Fujitsu General Starts ATW Heat Pump Production in Europe
In Europe, the heat pump era has arrived. Aiming for carbon neutrality in 2050, demand for electric heat pumps has been increasing rapidly, thanks to their energy-efficient and clean features that use...
Panasonic to Expand European Hydronic Systems Business throu
Panasonic Heating & Ventilation A/ C Company has been focusing on business in Europe, which is positioned as its key market, since its split‑up in April 2022, along with Panasonic’s transiti...
Emerson to Sell Majority Stake in Climate Technologies
On October 31, 2022, Emerson, a global technology and software company, announced a definitive agreement under which it will sell a majority stake in its Climate Technologies business to private equity funds managed by Blackstone, a leading global alternative asset manager, in a transaction valuing Climate Technologies at US$ 14.0 billion. Emerson will receive upfront, pretax cash proceeds of appr...
Heat Pumps Revitalize HVAC&R Industry — Report on Chillventa
Chillventa kicked off in Nuremberg, Germany, on October 11, 2022, and this was the first face-to-face event in four years. Leading manufacturers in the heating, ventilation, air conditioning, and refr...
Danfoss to Acquire Bockto Strengthen Natural Refrigerant Tec
Danfoss announced on October 10, 2022, its intent to acquire compressor manufacturer Bock, headquartered in Frickenhausen, Baden-Württemberg, Germany, from Nord Holding, which is one of the leadi...
