Fuji Electric Co.’s European subsidiary, Fuji Electric Europe GmbH, completed an agreement to acquire 70 percent of the shares of N2telligence; more HVAC manufacturer news briefs.
AMCA announces addition of sand louvers to its certified ratings program; DOE announces $18 million in funding for solar energy storage solutions; more HVAC organization news briefs.
BACnet International announced the results of its board of directors elections. The new board is comprised of eight industry executives who will continue to focus on expanding the successful use of the BACnet building automation protocol.
HTS, one of the largest independent commercial HVAC manufacturers’ representatives in North America, aims to continue its growth with a goal to double its revenue in Texas by 2020. The company plans to grow its Texas revenues by 2020 to reach $330 million in just 19 years of operation.
The global heat exchangers market was valued at $14.1 billion in 2014, and it is forecast to grow at a compound annual growth rate (CAGR) of 6.5 percent from 2015 to 2020, according to a report from P&S Market Research.