A.O. Smith US: A. O. Smith has signed a definitive agreement to acquire Leonard Valve Company for US$ 470 million, subject to adjustments, with the transaction expected to close in the first quarter of 2026 following regulatory approvals. After accounting for estimated tax benefits, the all-cash deal is valued at US$ 412 million. Leonard Valve and its Heat-Timer brand supply digital and thermostatic mixing valves and boiler control systems used in commercial and institutional

ConnectM Technology Solutions Signs USD 1.7 Million Heat Pump Distribution Deal with Greentech US: ConnectM Technology Solutions, Inc. announced a USD 1.7 million heat pump distribution agreement with Greentech Renewables, enabling its Keen Labs-branded high-efficiency heat pumps and smart controls to reach Greentech’s network of solar, electrical, and energy contractors. The partnership combines Keen Labs’ AI-driven technology with Greentech’s logistics and contractor networ

U.S. Govt Announced USD 2,000 to Homeowners Who Upgrade Their Water Heaters but the Incentives Disappear in Under Two Months US: Homeowners can claim a federal tax credit of up to 30%, or a maximum of USD 2,000 per year, for purchasing a qualified heat pump water heaters, with incentives expiring on December 31. The average total cost in 2023 was about USD 4,700, roughly USD 2,000 for the unit and USD 2,700 for installation, meaning the tax credit can reduce the cost by aroun

Doubles Production Capacity Mexcio: Danfoss inaugurated the expansion of its Monterrey factory in Mexico, doubling its production capacity to meet growing demand for energy-efficient HVAC equipment across North and Latin America. The investment, part of the company’s LEAP 2030 strategy to strengthen global supply chains and reduce delivery times, includes expanding the compressor laboratory from 500 m² to 1,000 m² and enhancing sustainability, safety, supplier diversity, and

water heater USA: A federal appellate court ruled Tuesday in a 2-1 decision that the U.S. Department of Energy’s (DOE) rules, which effectively phase out the sale of non-condensing gas commercial water heaters and consumer furnaces in favor of more efficient condensing models, can move forward. These DOE regulations, first proposed over a decade ago and finalized in 2023 (water heaters) and 2024 (furnaces), set a 95% efficiency standard for gas-fired commercial water heaters

Daikin US: Daikin Industries Ltd. has achieved a significant turnaround in the U.S. market, having overcome two previous unsuccessful attempts to establish a foothold. The company now operates a major production facility near Houston, Texas, featuring 23 production lines and an annual capacity of 4.7 million air conditioners. Key to its success has been the acquisition of Goodman Global Group in 2012 and the subsequent integration of four factories, enabling Daikin to leverag

TruTankless Expands Operations with New 14,000-Square-Foot Phoenix Facility U.S.: TruTankless celebrated the grand opening of its new 14,000-square-foot facility in Phoenix, which will function as a distribution center and training hub, among other purposes. The company, a leader in electric tankless water heating, remains focused on delivering efficient, reliable, and eco-friendly residential water heating solutions. The new facility will support the launch of TruTankless’s

Energy Save Partners with JCE to Distribute Heat Pumps in South America Chile/South America: ES Energy Save Holding AB has entered into a distribution agreement with JCE South America to introduce its heat pump products to the South American market, beginning with Chile. JCE, which has been active in the region since 1987 across sectors including hardware, distribution, forestry and real estate, will serve as the exclusive distributor of Energy Save-branded heat pumps in Chil

Strong Q3 Earnings USA: A.O. Smith (AOS) reported quarterly earnings of $0.94 per share, surpassing the Zacks Consensus Estimate of $0.89 per share and marking a +5.62% earnings surprise. This compares to $0.82 per share recorded a year ago, with all figures adjusted for non-recurring items. In the previous quarter, the company had been expected to post earnings of $0.97 per share but achieved $1.07, delivering a +10.31% surprise. Over the last four quarters, A.O. Smith has e

Manufacturing unit USA: U.S.-based sanitary ware manufacturer Fluidmaster has expanded its operations in Slovenia with the opening of a new facility at its Postojna factory, the company’s local unit announced. The new building includes both manufacturing areas and office space, according to a Facebook post by Fluidmaster Slovenija, which did not disclose additional details. Fluidmaster entered the Slovenian market in 2014 through the acquisition of Postojna-based Kolektor Liv

Copeland UNITED STATES: Copeland announced an agreement to acquire Sustainable Process Heat (SPH), a Germany-based industrial heat pump technology company. SPH will continue to operate independently until closing. The acquisition will expand Copeland’s Vilter industrial heating portfolio, providing additional heat pump technologies and solutions for industrial customers. SPH specializes in high-temperature heat pumps for industrial steam applications up to 180 degrees Celsius

U.S. Boiler UNITED STATES: U.S. Boiler Company, a subsidiary of Burnham Holdings, opened a 45,000 sq.ft. Condensing Center of Excellence (CCE) in Lancaster, Pennsylvania. The opening included a ribbon-cutting ceremony and facility tours for local and state officials, community partners, and employees. The expansion of the manufacturing facility is dedicated to the production of the company’s Alta boiler line.  The new production space is designed to support the company’s effo

Lennox Reports Q3 2025 Revenue of USD 1.4 Billion U.S.: Lennox Reports Q3 2025 Revenue of USD 1.4 Billion with Strong Profit Margins Despite Volume Decline, as overall revenue declined 5% to USD 1.4 billion due to lower sales volumes. Operating income increased 2% to USD 310 million, with an operating margin of 21.7%. The Home Comfort Solutions segment saw revenue fall 12% to USD 913 million and segment profit decline 10% to USD 203 million, while the Building Climate Solutio

Lacey Partners with Puget Sound Energy to Expand Heat Pump Rebates USA: Puget Sound Energy (PSE) has partnered with the City of Lacey under the 2025 Matching Rebate Programme to increase financial support for homeowners replacing natural gas heating systems with electric heat pumps. Under the initiative, Lacey will match PSE’s existing rebate of USD 4,000 (EUR 3,700), providing income-qualified households with a combined rebate of up to USD 8,000 (EUR 7,400). The programme is

Pathway to Platinum USA: LG Electronics has introduced “Pathway to Platinum,” a new program aimed at helping HVAC dealers enhance performance, training, and customer relationships through education, incentives, and business development tools. Unveiled at the 2025 LG Pro Dealer Summit in Orlando, Florida, the initiative expands on LG’s existing Pro Dealer framework by rewarding contractors for their commitment to training, marketing participation, and customer service excellen

Expands HVAC Parts US: Lennox has expanded its residential and commercial HVAC offerings through the acquisition of Duro Dyne and Supco, enhancing its ability to support customers across the entire HVAC value chain. The acquisition adds a robust portfolio of HVAC parts and supplies that complement Lennox’s existing products, responding to growing customer demand for comprehensive solutions. By integrating these respected brands, Lennox strengthens its distribution capabilitie

Air Conditioner USA: The Air Conditioning Contractors of America Educational Institute (ACCA-EI) Standards Task Team (STT) has announced a public review period, approved by the American National Standards Institute (ANSI), for ACCA 5 QI – HVAC Quality Installation Specification to be recognized as a new American National Standard. The 45-day public review began on October 10, with comments accepted until November 24, 2025. The proposed standard remains identical to ANSI/ACCA

Air conditioner USA: Rocket Group, a leading home services network and consulting firm, has announced a strategic investment in Oklahoma-based Wolf’s Heating & Air Conditioning. This acquisition strengthens Rocket Group’s footprint in the Southwest and enhances its capacity to provide comprehensive heating and cooling solutions to both residential and commercial clients. Wolf’s Heating & Air Conditioning will benefit from Rocket Group’s proven growth strategies, including reb

Building CANADA: Building permits in Canada continued their decline in August, dropping 5.9% year-on-year, according to Statistics Canada. The total value of permits fell by $139.2 million from July, reaching $11.6 billion, a 1.2% monthly decrease. The largest declines were recorded in Ontario, Alberta, and British Columbia, while Quebec posted a modest increase. Single-family home permits decreased by $112.3 million, primarily driven by Ontario and Alberta, partially offset

Fix It Frankie US: Fix It Frankie has expanded its HVAC operations in Arizona, US, through the acquisition of SunTech Air Conditioning. The transaction adds SunTech’s established service base and technical staff to Fix It Frankie’s network, enabling the company to cover a wider geographic area within the state and improve service response times. The acquisition also brings new maintenance contracts and long-standing customers under Fix It Frankie’s management. The company sta