Enpal Secures Major Financing Deal to Expand Renewable Energy Solutions Across Europe Germany: Germany-based solar and heat pump provider Enpal has entered into a financing agreement worth EUR 700 million (USD 755 million) with M&G Investment Management to accelerate the adoption of renewable energy technologies across Europe. Supported by an additional EUR 600 million (USD 647 million) in senior loans from banks including Citi and Barclays, the funding will strengthen Enpal’

Go Geothermal Partners with The Merchant’s Choice to Expand Heat Pump Distribution in the UK UK: Go Geothermal Ltd, based in Newton Aycliffe, has entered into a trading partnership with The Merchant’s Choice (TMC) buying group to distribute CTC’s Swedish-manufactured ground source and air source heat pumps across the United Kingdom. The collaboration aims to make advanced renewable heating technologies more accessible to independent heating and plumbing businesses, strengthen

Tadiran Enters Italian HVAC Market as Part of European Expansion Strategy Italy: Tadiran, an international company operating in the battery, consumer electronics, and air conditioning sectors, has announced its entry into the Italian HVAC market as part of its wider European growth strategy. The company, which reported revenue of EUR 490 million in 2024 across more than 40 countries, aims to become one of the top ten HVAC players in Italy within five years. Tadiran Italia wil

Beijer Ref Acquires Majority Stake in Baltic HVAC Distributor Airwave Sweden/Baltic Region: Beijer Ref has entered into an agreement to acquire 80% of the shares in Airwave, a major HVAC distributor operating across the Baltic region. The Swedish-based group also holds an option to acquire the remaining 20% of shares in the future. The transaction, which remains subject to approval by Estonia’s competition authority, will expand Beijer Ref’s presence in Northern Europe. Found

European Heat Pump Market Shows Modest Recovery Amid Ongoing Challenges Europe: The European heat pump market has recorded a modest recovery in early 2025, with sales increasing across several countries compared to the same period last year, as per European Heat Pump Association (EHPA) latest data. However, overall confidence in the sector remains below the peak levels seen in 2022. The slow development of the market attributed the slower momentum to policy uncertainty, inco

Harrison Bathrooms Achieves Record-Breaking Sales UK: Bathroom supplier Harrison Bathrooms is celebrating a record-breaking month after achieving over USD 5 million in sales during September 2025, the strongest monthly figure in its history. This milestone marks nine consecutive months of growth for the Leeds-based supplier, achieved during a period when many competitors are facing challenging market conditions. The company continues to expand its market share and strengthen

VASO by Eco Develops Recycled Glass Heat Pump UK: VASO by Eco, a composite innovation business based in southern Scotland, is developing a pioneering air source heat pump base made from recycled glass to transform installations in urban areas. The company’s composite material provides an alternative to concrete, offering better thermal insulation, vibration absorption, and resistance to cracking, while reducing carbon emissions and installation time. This week, VASO by Eco be

Heat Pump AUSTRIA: The Austrian Institute of Technology (AIT) has officially inaugurated what it describes as Austria’s most advanced heat pump laboratory. Completed this month after a year of construction and a US$3.4 million investment, the facility features test benches for systems with heating capacities up to 100 kW, primarily catering to the expanding commercial and large-scale building sectors. The laboratory focuses on air-source heat pumps across all relevant refrige

Bathroom GERMANY: Shower enclosure manufacturer HSK Duschkabinenbau from Olsberg is reaffirming Germany’s role as a key production hub. The family-owned company is investing €4.5 million (US$ 4.8 million) cutting-edge glass production and an additional €500,000 (US$ 560000) in sustainable water treatment, expanding its capacities while underscoring its commitment to quality “Made in Germany.” For over 30 years, HSK has been synonymous with high-quality shower cubicles, glass

Bathroom distributor UK: One of the UK’s largest independent wholesale distributors of kitchen and bathroom products is going into liquidation. Waterline, based on North Crawley Road in Newport Pagnell, has made over 100 employees redundant as administrators oversee an “orderly wind down” of operations. Alex Cadwallader and Dane O’Hara from Leonard Curtis were appointed Joint Administrators earlier this month. The liquidation follows unsuccessful efforts by Waterline’s board

modular kitchen ITALY: SCAVOLINI, Italy’s renowned authority in kitchen, bathroom, and home cabinetry, has officially opened its newest showroom in Rockwell, Makati, relocating from its previous site at The Peninsula Manila. The new space offers a curated, elevated environment that reflects Scavolini’s expertise in home design, positioning it as a premier destination for inspiration. Designed by Ar. John Sac and Ar. Pauline Sac of 50/53 Architects, the showroom showcases how

Finance GERMANY: Cordes & Graefe KG, the holding company of GC GROUP, is preparing for a major leadership transition: effective January 1, 2026, Dr. Ulrich Hüllmann will assume the role of CFO and general partner, succeeding Andre Wedemeyer. After more than 20 years on the Executive Board, Wedemeyer is retiring from operational duties at the age of 60, as planned. Dr. Hüllmann brings a distinguished track record as a CFO and board member of international industrial companies.

Fibo Holding UK: Norcros, a UK-based bathroom and kitchen products manufacturer, has completed the US$ 53.5 million acquisition of Norway’s Fibo Holding. Fibo is known for its wall panel systems used in bathrooms and interiors, and the deal gives Norcros access to an established brand in the Scandinavian market. The acquisition supports Norcros’s growth strategy to expand its product range in the waterproof interior systems segment. The company expects operational synergies t

Smith Briten UK: Aqualisa has appointed Smiths Briten as an additional distribution partner in the UK, expanding its regional supply network for shower products. The move aligns with Aqualisa’s broader plan to strengthen market reach through strategic partnerships with regional distributors. Smiths Briten’s Bolton distribution centre will now act as a key logistics hub, enabling the company to better serve independent retailers and installers while offering faster access to A

Daikin Belgium: Daikin Europe has inaugurated its new European Development Centre (EDC) in Ghent, Belgium, following an investment of around US$ 162.8 million. The 30,600 m² facility will serve as a key research and testing site for next-generation heating and cooling systems, including advanced heat pump and air conditioning technologies. Daikin aims to use the centre as a base for developing energy-efficient solutions to support Europe’s decarbonisation goals, with a focus

BDR Thermea Group France: BDR Thermea Group has confirmed that its Plan de Sauvegarde de l’Emploi (PSE) will take effect by the end of October 2025. The plan affects employees linked to the former De Dietrich operations in France and forms part of the company’s broader restructuring process to realign its manufacturing footprint. The PSE will include measures for job redeployment, training, and voluntary departure options. Company representatives stated that this step is nece

UNDP Ukraine: The United Nations Development Programme (UNDP) in Ukraine has partnered with the Ministry for Development of Communities and Territories to implement the Renewable Energy Solutions (RES) Programme, backed by a US$ 19.1 million investment. This initiative aims to install solar panels, heat pumps, and battery storage systems in essential public infrastructure, including schools, kindergartens, and hospitals. The goal is to enhance energy independence and resilien

UK UK: The International Monetary Fund (IMF) has projected that the United Kingdom will be the second fastest growing economy among G7 nations in 2025, outpaced only by the United States. Despite the modest growth rate of 1.3%, the UK is expected to outperform major European peers such as Germany, France, and Italy. The IMF highlights that while the economy shows resilience amid trade tensions, tariff impacts, and geopolitical uncertainty, households are facing significant pr

Franke UK UNITED KINGDOM: Franke UK has assured retailers and trade customers of uninterrupted product supply following the administration of its long-time distributor, Waterline. The company stated that it will continue serving customers through its own distribution networks Sinks & Things across England and Wales, and Forth & Clyde in Scotland while maintaining regular service through partners Bodel in Northern Ireland and Gowan Home in the Republic of Ireland. Waterline ha

Mitsubishi Heavy Industries ROMANIA: Bucharest’s UP-site residential project in the Floreasca district has become the first in Romania to integrate large-scale Mitsubishi Heavy Industries (MHI) VRF systems with intelligent room-by-room zoning, underfloor heating, smart-home control, and a dedicated fresh air supply. Developed by Atenor, the complex consists of two towers of 12 and 25 floors totaling 256 apartments, and targets BREEAM Excellent and RoGBC Green Homes certificat