UTC Climate, Controls & Security has announced that its India affiliate has entered into an agreement with Wipro Limited, a global information technology, consulting, and business process services company, to acquire EcoEnergy, Wipro’s energy services business division. EcoEnergy, based in Bengaluru, India, is a provider of energy management services for commercial customers in North America, Europe, and Asia.

To gauge the competitive dynamics in the global district heating and cooling (DHC) market, the DHC system manufacturers, project contractors, and plant operators in the supply chain will have to be factored in, states a report by Transparency Market Research. 

Watsco Inc. announced that it has acquired an additional 10 percent ownership interest in Carrier Enterprise Northeast LLC, a joint venture with Carrier Corp. The transaction raises Watsco’s ownership stake to 70 percent. 

The global HVAC insulation market is forecast to grow at a compound annual growth rate (CAGR) of over 7 percent from 2016 to 2020, according to a report by Technavio. The research study covers the present scenario and growth prospects of the global HVAC insulation market.