- In March 2023, Panasonic Holdings Corporation has completed the acquisition of Systemair AB's air-conditioning businesses, including Systemair AC SAS, Systemair S.r.l., and Tecnair S.p.A., for 100 million euros. This acquisition benefits Panasonic Holdings Corporation by enhancing its ability to meet growing environmental demands and regulations in Europe. By integrating Systemair's commercial hydronic systems with its own VRF systems, Panasonic can develop more efficient, environmentally friendly air-conditioning solutions, strengthening its market position and expanding its product offerings
- In July 2021, Samsung HVAC, LLC (A subsidiary of Samsung Electronics) has teamed up with O'Connor Co. to broaden its product lineup with Samsung's residential and commercial heating and cooling solutions. This partnership allows Samsung to extend the distribution and market presence of its Variable Refrigerant Flow (VRF) systems through O'Connor Co.'s well-established network
