ClearEdge Power, a manufacturer of fuel cell systems, announced that it has reached an agreement to acquire UTC Power, a unit of United Technologies Corp., which also develops and manufactures fuel cells.
Enertech Global acquires assets and intellectual property of GeoSystems LLC; Tecumseh Products’ AE2 compressor now available to authorized wholesalers; Wohler USA names manager of business development; Tate receives 2012 Product Innovation award; Danfoss launches DanfossDirect website; ClimateMaster names geothermal business development manager; Supco appoints vice president of sales and marketing.
The Canada Pension Plan Investment Board (CPPIB) announced it will pay $1.1 billion for the heating and air conditioning business of Tomkins Ltd. Canadian private equity firm Onex and CPPIB acquired Tomkins in 2010. The company has since reduced its debt by selling five non-core businesses.
Not even a devastating earthquake and tsunami could keep two of the world’s leading HVACR companies from completing an acquisition this November. That is why The NEWS has chosen Takeshi Ebisu of Daikin Industries Ltd. and Dave Swift of Goodman Global Group Inc. as 2012 NEWSmakers.
Enertech Global announced that it has acquired the assets and intellectual property of GeoSystems LLC, Maple Grove, Minn., from Research Products Corp., Madison, Wis. GeoSystems is the manufacturer of ECONAR, GeoSource, and HydroHeat geothermal products.
An acquisition that brings together two of the world’s strongest players in the global HVAC marketplace — exactly what does that mean? During the press conference held by Takeshi Ebisu, Daikin senior executive officer, and Dave Swift, Goodman Global Group Inc. president and CEO, the answer was simple. “In one word, complementary,” said Swift
A-Gas International, one of the world’s largest independent suppliers of refrigerants, environmental services, and specialty gases and chemicals, announced that it has acquired RemTec International, a leading refrigerant reclamation company, and Coolgas Inc., a leading independent supplier and distributor of refrigerants.
Hart and Cooley names vice president of wholesale sales and marketing; CPS Products is acquired; Spirax Sarco receives gold in 2012 MarCom award competition; General Tools & Instruments’ iBorescope receives 2012 Handy Innovation award.
ABM, a leading provider of integrated facility solutions, announced that ABM Building Services, a business unit of ABM Building & Energy Solutions, has acquired the operations of Calvert-Jones, a leading mechanical contractor in the Washington, D.C., area.
