Paloma to acquire Fujitsu General for $1.63bn

Paloma Rheem Holdings, owner of US HVACR manufacturer Rheem, has made an offer to acquire Fujitsu General's air conditioning business for JPY256bn ($1.63bn). The Fujitsu board has backed the offer, and the tender offer is planned to start in July 2025 after regulatory coordination.

“The Fujitsu board has backed an offer of JPY256bn ($1.63bn) for its Fujitsu General air conditioning business from Paloma Rheem Holdings, owners of US HVACR manufacturer Rheem.”

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