Know what you want? Try our 'Supplier Directory' 

Panasonic to acquire Area Cooling

Panasonic Corporation has announced that its Cold Chain Solutions Company (Panasonic) has entered into an agreement with Cooling Solutions SL to purchase all shares of its subsidiary Area Cooling Solutions, a Polish refrigeration equipment manufacturer. This transaction is a strategic step for Panasonic to strengthen its condensing unit business in the European market and to accelerate its ongoing global expansion.

The Kigali Amendment to the Montreal Protocol and the European Union's F-Gas Regulation, among other regulations, restrict the production, consumption, import, and export of HFCs, which are widely used as refrigerants in cold chain equipment, and require a transition to alternative refrigerants with a lower global warming potential. Europe has been at the forefront of these environmental initiatives, aligning with the region’s commitment to climate neutrality and customer preferences for greener technologies. Panasonic sees Europe as its most important market for the future.

Area Cooling is a company that is aggressively investing in growth areas such as inverter-controlled condensing units and CO2 condensing units. Its products have technological affinities with Panasonic's condensing units, as they have long used Panasonic-designed compressors. This company profile led Panasonic to determine that this acquisition would expedite the reinforcement of the foundation for its European business. The acquisition does not include the distribution business of compressors and other HVACR components Area Cooling is currently operating.

Area Cooling and Panasonic will share resources and create synergies in the condensing unit business to develop products that better meet customer needs, manufacture locally in Europe, and increase the presence of Panasonic condensing units in the European market.



Already Registered?
Sign In
Not Yet Registered?

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...


Cool for cans

Williams Refrigeration has launched new shelves for its refrigerated grab and go Multidecks that are specially designed to hold canned drinks. As well as displaying cans more effectively than a standard shelf, they make it easier for consumers to ...


RFKH with optimized design. Find out what's new!

We have changed the design to optimize the product structure. The new generation RFKH platform has been optimized maintaining piping connections with no installation impact as below:
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News


BESA National Conference