Paloma Rheem to acquire Fujitsu General

Paloma Rheem, parent of Rheem, agreed to acquire heat pump producer Fujitsu General, which will become a wholly-owned subsidiary; the deal includes a Fujitsu Ltd. share repurchase and was expected to commence in July 2025.

“Paloma Rheem, Japanesebased parent company of North American water heating and air conditioning company Rheem, is set to acquire residential and commercial heat pump producer Fujitsu General, with Fujitsu General to become a wholly-owned subsidiary of Paloma Rheem as part of this transaction.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. Magazine signals are transcribed via OCR and cite the print issue and page. See our methodology and legal notes.