Panasonic Corporation has announced that at the end of February 2023, its Heating & Ventilation A/C Company completed the acquisition of all of the outstanding shares of Systemair AC SAS, Systemair S.r.l. and Tecnair S.p.A., which operate commercial air-conditioning businesses owned by Systemair AB ("Systemair"), a leading Swedish manufacturer of air quality and air-conditioning equipment.

Panasonic Corporation has announced that it will accelerate its growth strategy for its Heating & Ventilation A/C Company (HVAC Company) for the air-to-water (A2W) heat pump and hydronic systems business in the European market.

Panasonic Corporation has announced that its Heating & Ventilation A/C Company intends to acquire the commercial air-conditioning business from Systemair AB, a leading global manufacturer in the ventilation and commercial air-conditioning business, at an enterprise value of 100 million Euros.

Panasonic Corporation has announced that its Heating & Ventilation A/C Company is expediting its growth strategy for its air-to-water (A2W) heat pumps business in Europe.

Panasonic and Systemair have announced a strategic partnership to develop integrated and sustainable solutions for the commercial and residential sectors.
 

Panasonic Corporation has announced that it has completed the procedures to acquire UNION RHAC TECNOLOGIA (UR), a Brazilian air conditioning engineering company.

Panasonic Corporation has announced that it has completed the acquisition of A.M.P. Air Conditioning Ltd (AMP), one of the largest independent air conditioning distributors in the United Kingdom.

Panasonic Corporation has announced that it is increasing its local production in Asia in order to further expand its business in the rapidly-growing room air conditioner market in the region.

Panasonic Corporation and Schneider Electric have announced an integrated HVAC equipment and building management solution that brings new levels of HVAC control and energy efficiency to today's commercial buildings.