Villeroy & Boch Restructures its Management Team FRANCE: Villeroy & Boch is reshaping its management structure as Chairwoman of the Executive Board Gabi Schupp steps down after the Annual General Meeting for personal reasons. Her departure follows the successful integration of Ideal Standard and broader transformation efforts that have strengthened the group’s strategic position. The company will continue executing its existing strategy under a streamlined four-member Executi

Johnson Controls Acquires Nantum AI to Strengthen OpenBlue UNITED STATES: Johnson Controls has acquired Nantum AI to expand AI-driven energy optimization and control capabilities within its OpenBlue digital ecosystem. The acquisition adds proprietary algorithms that optimize real-time airflow based on occupancy, improve HVAC performance and reduce energy consumption across complex facilities such as healthcare campuses and advanced manufacturing sites. The first combined offe

Clas Ohlson Reports 11% Increase in Turnover SWITZERLAND: Clas Ohlson reported an 11% year-on-year increase in turnover for March 2026, reaching SEK 902 million (US$83.1 million). The Swedish home improvement retailer said 8% of the growth came from organic sales, while acquisitions contributed 2%, with no material currency impact. For the period from May 2025 to March 2026, total revenue rose 7% to SEK 11.6 billion (US$1.07 billion). Organic growth contributed 9%, acquisitio

PT Aspirasi Hidup Indonesia Tbk Accelerates Expansion and Diversifies Portfolio in 2025 INDONESIA: PT Aspirasi Hidup Indonesia Tbk strengthened its retail footprint and diversified its business portfolio in 2025, marking a key year in its transformation strategy. The company opened 27 new AZKO stores, expanding into 15 new regions including eastern Indonesia, bringing its total network to 265 stores across 90 cities. It also launched a new affordable home and lifestyle brand,

Panasonic Vietnam Relaunches SANYO Air Conditioners for Mass Market Expansion VIETNAM: Panasonic Corporation’s Vietnam unit has launched the SANYO air conditioner range in Vietnam, marking a strategic move to broaden its product portfolio and target more price-sensitive consumers. The relaunch brings SANYO back to the Vietnamese AC market under Panasonic’s direct management, combining SANYO’s legacy brand recognition with Panasonic’s technology, quality control, after-sales s

Duravit AG and CEO Stephan Patrick Tahy Part Ways by Mutual Agreement GERMANY: Hornberg-based German bathroom manufacturer Duravit AG and CEO Stephan Patrick Tahy have mutually agreed to end their collaboration. The decision follows discussions between the Supervisory Board, owners, and Tahy, who concluded that their visions for the company’s future strategic direction no longer aligned. The board and owners thanked Tahy for his dedication and strategic contributions, while T

STULZ GmbH becomes Corresponding Member Eurovent GERMANY: Eurovent has announced that STULZ GmbH has joined the association as a Corresponding Member, strengthening industry collaboration in the HVACR sector. Based in Hamburg, STULZ is known for its precision cooling solutions, particularly for data centres where reliability and efficiency are critical. As demand for digital infrastructure grows, advanced cooling technologies are becoming increasingly important. By joining Eu

Carrier Opens New Montluel Testing Facility for HVAC Innovation FRANCE: Carrier Global has opened a new high-performance HVAC testing facility at its European Centre of Excellence in Montluel, France, backed by a €12 million (US$13.1 million) investment. The expansion is aimed at accelerating R&D for cooling and heating technologies used in data centres, industrial sites, and large commercial buildings. The new lab can test air-cooled chillers up to 3,200 kW, air-source heat

UK Fast-Tracks Plug-In Solar Rollout Amid Iran War–Driven Energy Security Concerns UK: The UK government has announced plans to introduce plug-in solar panels into retail markets within months, allowing households to generate electricity without complex installation. These systems can be easily connected to standard sockets and placed on balconies or outdoor spaces, offering a low-cost entry into renewable energy adoption. The initiative is part of a broader push to strengthe

Home Depot’s SRS to Acquire HVAC Distributor Mingledorff’s UNITED STATES: The Home Depot’s subsidiary, SRS Distribution, has entered into an agreement to acquire HVAC distributor Mingledorff’s, strengthening its position in specialty trade distribution. The deal adds HVAC as a new vertical, enhancing offerings for professional customers and expanding the company’s total addressable market to approximately US$1.2 trillion. Mingledorff’s, operating across 42 locations in the so

AFPAC launched the Centre of Expertise for Heat Pumps FRANCE: AFPAC has launched CEPAC, a dedicated Centre of Expertise for Heat Pumps, as part of France’s national strategy to accelerate heat pump adoption. The initiative brings together key stakeholders across the building decarbonisation ecosystem and is designed to act as an independent technical body supporting large-scale, reliable deployment. CEPAC will focus on delivering practical guidance, validated data, and best p

Duravent Group Secures Growth Investment from Bain Capital UNITED STATES: Duravent Group has received a strategic growth investment from Bain Capital to support its next phase of expansion. Bain Capital will collaborate with the company’s leadership team and existing investor Egeria to strengthen Duravent’s market position and accelerate growth through both organic initiatives and acquisitions. Headquartered in Detroit, Duravent operates multiple brands across North America a

SWITZERLAND: The Swiss HVAC association ProKlima has officially become a member of Eurovent, marking a strategic step toward deeper integration with the European HVACR industry. ProKlima represents manufacturers and stakeholders involved in indoor climate technologies, with a strong emphasis on energy efficiency, innovation, and high-performance solutions. By joining Eurovent, Swiss companies gain enhanced visibility and a stronger collective voice in European-level policy di

UK Launches Version 1 of Net Zero Carbon Buildings Standard to Guide Decarbonisation UK: The UK Net Zero Carbon Buildings Standard has launched Version 1 of its technical framework, offering a free resource designed to help the built environment demonstrate that assets are decarbonising in line with the UK’s carbon and energy targets. Developed collaboratively by organizations including CIBSE, BBP, BRE, Carbon Trust, IStructE, LETI, RIBA, RICS, and UKGBC, the voluntary standa

Carrier Ventures Invests in Heat Geek to Accelerate Heat Pump Adoption in Europe UK: Carrier Global Corporation, a global provider of intelligent climate and energy solutions, has announced that its venture arm, Carrier Ventures, has made a strategic investment in Heat Geek, a UK-based company focused on accelerating residential heat pump adoption across Europe. Heat Geek runs a digital platform that connects homeowners with certified, highly trained local installers. Using a

Eurovent Issues cPCR Guidance to Standardize EPDs for HVAC Equipment EUROPE: Eurovent has released a new Recommendation providing guidance on complementary Product Category Rules (cPCR) for heat pump and air-conditioning equipment. The aim is to support the creation of consistent Environmental Product Declarations (EPDs) and promote harmonised life-cycle assessment practices, particularly as sustainability requirements tighten under evolving European regulations and building

Eneco and Rabobank Launch GroenGebouw Leasing to Boost Sustainable Building Investments EUROPE: Eneco and Rabobank have joined forces to introduce Eneco GroenGebouw™, a leasing solution designed to help businesses adopt sustainable energy technologies without significant upfront investment. Under this model, Rabobank provides financing for systems such as solar panels, heat pumps, EV charging infrastructure, and battery storage, while Eneco delivers these solutions through a

Hive Partners with Daikin to Expand Smart Heat Pump Compatibility in UK UK: Hive has announced a new collaboration with Daikin under its “Works With Hive” programme, expanding compatibility for smart controls with air source heat pumps and enhancing support for the UK’s growing low-carbon heating market. Daikin, a leading heat pump manufacturer in the UK, plays a key role in supplying low-carbon heating solutions for residential and commercial applications. With this partners

Competition Authorities Approve Caverion Denmark’s Acquisition of GK Denmark’s Service Business DENMARK: GK Group will exit the Danish market, transferring its Denmark service operations including Vagns VVS and around 200 employees to Caverion Denmark effective 1 May. The integration will strengthen Caverion’s national service network and expand capabilities across ventilation, cooling, plumbing, electrical, fire safety, security, and sprinkler systems. GK Denmark’s service d

Geberit Reports Sales Growth in 2025 Despite Weak European Construction Market SWITZERLAND: Geberit Group reported resilient performance in 2025 despite weak construction activity in Europe. Net sales rose 2.5% to US$ 4.01 billion (CHF 3.16 billion), or 4.8% in currency-adjusted terms, supported by strong product launches and broad-based market growth. Operating cashflow (EBITDA) increased 2.0% to US$1.18 billion (CHF 931 million), with the EBITDA margin at 29.4%, slightly be