Paloma Rheem Holdings, which specializes in air conditioning units and heat pumps, has unveiled plans to acquire Fujitsu General via an offer from JPY 2,808 ($ 18.06) per share.
The offer represents a premium of 39.15% compared to the average share price of the company of six months, according to an online statement by Paloma Rheem.
Fujitsu General produces energy -efficient heat pumps, with solutions for heating, cooling and hot water production in residential and commercial environments. The heat pump systems use renewable energy from air or soil sources to offer environmentally friendly temperature control.
The acquisition will change Fujitsu General to a complete subsidiary of Paloma Rheem. The deal can help Paloma Rheem to extend to new foreign markets and stimulate innovation in integrated aerial and water solutions for low-carbon, according to the explanation.
The deal includes a share purchasing agreement with Fujitsu Ltd., the largest shareholder of Fujitsu General, who will sell his interest of 44.02% at JPY 1,995 per share after the tendering process has been concluded.
Paloma Rheem said that the board of Fujitsu General has unanimously approved the offer, with approvals of the regulations expected in July 2025. Paloma Rheem -President Hiroaki Kobayashi said that the partnership will improve innovation and sustainability while maintaining the independence of Fujitsu General.
In April 2023 Rheem launched its Endeavor Prestige Air -Source Heat -Pomp, which offers uninterrupted heating on -30.5 C and the performance benchmarks set by the US Department of Energy’s Cold Climate Heat Pump Challenge. The unit, with a heating capacity from 7.03 kW to 17.58 kW, delivers 77% nominal heating to -26 C and uses R -410A coolant.
And in February 2024 Rheem introduced its RD17AZ residential heat pump, with a maximum of 19 seer2 and 8.5 HSPF2 -with cooling capacities from 6.7 kW to 15.5 kW and heating capacities from 7.0 kW to 17.6 kW. The unit has R-410A coolant, inverter-driven variable speed technology and built-in Bluetooth connectivity via Rheem’s Econet app.
Earlier this month, a British-swedish research team proposed a new method for designing and simulating solar energy systems for solar energy, combining five models in one tool for accurate technical, economic and climate impact analysis. The researchers emphasized the economic and ecological benefits of such systems, but also identified high costs in advance as the most important barrier for widespread acceptance.
