2023 has passed, and looking back on this year, there have been a number of acquisitions by HVAC-related companies. In today's highly competitive global business environment, mergers and acquisitions between enterprises have become a common market strategy and business means. This behavior can often bring many benefits, including market share, resource integration, risk diversification and enhanced competitive advantage.
In March 2023, Danfoss officially completed the acquisition of Blogger***. The acquisition brings the two brands together and combines the blog's 90 years of innovation in compressors with Danfoss' decades of leadership as a complete solutions provider.
On April 26, the German Viessmann Group officially announced that the Viessmann Group has signed a merger plan with Carrier Group to merge Climate Solutions, the largest business segment of Viessmann, with Carrier.
In May, Ruimei Group successfully acquired MHG of Germany. MHG Group is a leading German manufacturer and supplier of large-scale heating and domestic hot water systems, and after joining the Ruimei Group, it will join hands with Ruimei's two major brands, Intergas and Dejong, to become an important part of Ruimei's European hot water business, in order to meet the rising standards of Europe and meet the needs of our customers.
In June, Blackstone completed the acquisition of a majority stake in Gu** (formerly known as Emerson Environmental Technologies). The new independent company will be named "Copeland" and will carry on the brand's 100-year history, world-renowned brand reputation and influence in the field of HVAC and refrigeration.
In December, Honeywell announced plans to start with 49$500 million in cash to acquire Carrier's Global Access Solutions business to strengthen the company's building automation capabilities. This acquisition will enable Honeywell to become one of the leading providers of security solutions in the digital era.
On December 14, Haier Smart Home announced that Haier Smart Home and Carrier Global Corporation (Carrier Global) and Carolin Holdings Bv.Sign the transaction documents to about 6$400 million for the acquisition of Carrier Refrigeration Benelux B., a commercial refrigeration business of Carrier Worldwidev.(Carrier Commercial Refrigeration) 100% equity, corresponding to a PE multiple of 11 times in 2022. This marks the expansion of Haier Smart Home from "household refrigeration" to "commercial refrigeration", and will create new growth points.
Capital is usually profit-seeking, so companies need to carefully consider factors such as market prospects, financial status and management capabilities when making mergers and acquisitions. The expected benefits can only be realized if they are properly planned and executed correctly. For enterprises pursuing sustainable development and growth, in addition to investment and acquisition, expanding production lines and building new R&D bases are also strategic options worth considering and exploring.
In February 2023, the Asia-Pacific R&D and manufacturing base project of Vaillant Group was signed and settled in Wuxi High-tech Zone. It is understood that this is the only R&D and production base built by Vaillant Group outside Europe.
ICON learned that the project of Vaillant's R&D and manufacturing base in the Asia-Pacific region signed this time has invested 200 million euros, covering a total area of 160 acres, including 96 acres in the first phase, and plans to introduce the R&D and production of world-class wall-hung boilers, water heaters, fresh air systems and other products. The first phase of the base is planned to start construction in the first quarter of this year and be completed and put into use by the end of next year. After the completion of the project, it will become one of the focuses of Vaillant Group's global R&D and production network, and will also promote the integration of the Group's scientific research and production advantages and Wuxi's intelligent manufacturing development advantages.
On May 15, 2023, the groundbreaking ceremony for the first phase of the construction of Daikin Air Conditioner's South China production base was held in Boluo County, Huizhou City, Guangdong Province.
It is understood that the Daikin Air Conditioning South China Production Base Project is located in Luoyang Street, Boluo County, Huizhou City, and is invested and constructed by Daikin China, mainly for VRV residential air conditioners, inverter P plate production bases, South China sales centers, logistics centers. The total investment of the project is 17500 million yuan, with a total land area of about 220,000 square meters, and the first phase is planned to be completed and put into operation in October 2024. It is estimated that after the completion of the project, the annual turnover will reach 7 billion yuan.
The world is bustling, all for profit;The world is crowded, all for profit. "In business, business is the first criterion for the survival of enterprises and the long-term development of the foundation. At present, the market competition has entered a white-hot stage, and the quality competition of products has gradually changed to brand competition.
ICON believes that whether it is through additional investment, expand production capacity, improve production efficiency and its own strength to meet the needs of the market, or with the blessing of capital, acquire other enterprises, expand the scope of business, and improve the layout of the group, its essence is to achieve the purpose of scale expansion. This double-edged sword, used well, can quickly expand the scale and effectively occupy the market share, on the contrary, if there is no good control of capital and management and other risk factors, it will also make the enterprise passive.