Paloma-Rheem Acquires Fujitsu General for $1.63 Billion

Paloma's Rheem completed a tender offer to acquire approximately 46.56% of Fujitsu General for $1.63 billion in May 2025, gaining a controlling stake in the Japanese ductless HVAC manufacturer. The deal reshapes the US ductless and VRF competitive landscape by combining Fujitsu General's product line with Rheem's distribution network.

“Paloma Rheem completed its tender offer to acquire approximately 46.56 percent of Fujitsu General — a leading Japanese manufacturer of ductless air conditioners, VRF systems, and building HVAC solutions — for approximately $1.63 billion in May 2025.”

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