An agreement has been reached for the purchase of the shares of Systemair Srl and Tecnair SpA and, in due course, of the business carried out by the employees of Systemair GmbH in Frankfurt, Germany. The transfer of sales personnel of Systemair GmbH is subject to consultations with human resources in Germany.
In addition, Panasonic has submitted an offer to acquire all the shares in Systemair AC SAS and expects Systemair to accept the offer after consultations with human resources in France.
After completing the necessary procedures, the acquired entities will be managed by consolidating them within the commercial air conditioning business of Panasonic.
In Europe, a key market for Panasonic, there is strong interest in environmental protection and measures to address climate change, and major efforts are being made to transition towards a decarbonised society. In addition to the growing demand for energy efficient and other greener products, HFCs used as refrigerants in air conditioners have an impact on global warming. This is why the Kigali amendment to the Montreal Protocol*2 and the European regulations on F-gases*3 require the switch to refrigerants with a lower impact on the greenhouse effect.
In the air conditioning sector, Systemair produces heat pump air-water conditioners, which supply hot and chilled water by exploiting the heat of the external air and transferring it to the internal spaces*4 of the buildings through a hydronic circuit, in this way the least quantity of refrigerant gas is totally contained in the chiller unit.
With the consolidation of the three Systemair air conditioning companies, Panasonic will create new development, production, sales and maintenance facilities for the commercial air conditioning business and create higher value-added solutions for hot water supply, heating and air conditioning of environments as a result of the synergy between the two companies In addition, Panasonic will respond to customer needs by expanding the range of hydronic systems with more environmentally friendly units, adding them to the current portfolio of products and solutions thus accelerating ESG management (environmental, social and governmental) in Europe.
Panasonic Heating & Ventilation A/C Company is a leading company operating in the indoor air quality sector, with fans and air purifiers, and in the residential and commercial air conditioning sector. By combining competitive knowledge and technologies accumulated through research conducted for over 100 years, we strive to solve social problems and create healthier and more comfortable lives and societies.
Systemair was founded in 1974 and is headquartered in Skinnskatteberg, Sweden. The company is a leading manufacturer in the commercial ventilation and air conditioning industry.
“We concluded a commercial alliance with Systemair in 2019 to start supplying commercial air conditioners. We have expanded the scope of the cooperation, for example by selling our residential air-to-water heat pumps in combination with ventilation units from Systemair. By combining Systemair's commercial air conditioning technologies and our energy-saving inverter technologies, we will accelerate the delivery of high-value solutions for our customers. We are very pleased to be able to sign a long-term supply agreement with Systemair further deepening our partnership.”
“We have worked with Panasonic over the years in the commercial air conditioning industry and have developed a deep understanding of our partner's corporate culture and strengths, and have built a good relationship. We have decided to sell the air conditioning activities in Italy and in Germany and we intend to sell the air conditioning activities in France, because we are convinced that by focusing on our core business, ventilation, we will strengthen our offer to customers and it is in line with our strategy.
Systemair strives to be the best partner for its customers by continuing to provide the best ventilation products, heat pumps and integrated heat pump solutions in our ventilation systems. We are very pleased to be able to continue to support our current and future customers on an ongoing basis by signing a long-term agreement with Panasonic for the supply of commercial air conditioners and further strengthening our partnership.”
*1. Commercial chillers, heat pump air conditioners, fan coil units, etc.
*2. Environmental treaty for the protection of the ozone layer. A target to reduce the consumption and production of substances that deplete the ozone layer and a timetable for reduction have been established.
*3. This regulation came into force in Europe on July 4, 2006. The regulation regulates fluorinated gases, including hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6), specified in the Kyoto Protocol.
*4. The hydronic circuit used to control the room temperature, compared to the refrigerant circulation system, can reduce the amount of refrigerant required (see next page).
Panasonic Corporation offers products and services for a variety of living environments, from homes to retail, offices and cities. Panasonic Corporation has five main businesses: Living Appliances and Solutions Company, Heating & Ventilation A/C Company, Cold Chain Solutions Company, Electric Works Company and China and Northeast Asia Company. The operating company reported consolidated net sales of 3.647,6 billion yen for the year ended March 31, 2022. Panasonic Corporation is committed to realizing the mission of Life Tech & Ideas: For the well-being of people, society and the planet, and embraces the vision of becoming the best partner in your life with human-centered technology and innovation.
Developing fine motor skills through coloring prepares children for more complex skills like writing. To color…
The naval sector is a true global economic power, which has navigated towards a 150 billion market...
Last Monday, the Financial Times announced a deal with OpenAI. FT licenses its world-class journalism…
Millions of people pay for streaming services, paying monthly subscription fees. It is common opinion that you…
