Carrier Appoints Thomas Donato President of Climate Solutions Europe UNITED STATES: Carrier Global Corporation has announced the appointment of Thomas Donato as President of its Climate Solutions Europe segment, succeeding Thomas Heim, who is stepping down from the role. Donato joins Carrier with extensive experience in industrial technology leadership, most recently serving as CEO of Bosch Power Tools and previously holding senior positions at Bosch Rexroth, Rockwell Automat

Nordic Climate Group Expands UK Presence with Acquisition of Kool It Services UNITED KINGDOM: Nordic Climate Group has strengthened its position in the UK market through the acquisition of Manchester-based Kool It Services Ltd, a provider of cooling and heating installation, service and maintenance solutions for commercial buildings. Founded in 1972, Kool It has built a strong regional presence through long-standing customer relationships, technical expertise and a reputation

VDMA Reports Steady Business Confidence, Though Market Recovery Remains Slow GERMANY: The latest VDMA Sanitary Technology and Design sentiment survey indicates that the German sanitary and installation technology industry remains stable, although the anticipated recovery has yet to materialise. Most companies continue to report satisfactory or good business conditions, with a majority expecting modest revenue growth in 2026. However, rising energy and raw material costs, supp

LUVE Expands Texas Manufacturing Facility to Support Growing US Cooling and Data Centre Demand USA: LUVE has expanded its production facility in Jacksonville, Texas, adding 20,000 m² of manufacturing space and increasing the site's total footprint to more than 30,000 m². The investment is aimed at supporting rising demand for cooling solutions across data centres, power generation and refrigeration applications. The company plans to recruit approximately 200 additional employ

NIBE Reports Stable Q1 Growth and Improved Operating Profitability SWEDEN: NIBE delivered a resilient start to 2026, with Q1 sales remaining broadly stable at approximately US$ 1.01 billion, while profitability improved significantly. Operating profit increased to around US$ 91 million, up from US$ 82 million a year earlier, lifting the operating margin to 9.0% from 8.1%. Net profit rose to approximately US$ 53 million, supported by organic sales growth, effective cost manage