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

Mode London to Join E.ON’s Low-Carbon Heat Network in the City of London UNITED KINGDOM: E.ON has signed an agreement to connect Mode London to its district heat network in the City of London. The deal marks the first ‘sleeved’ heat supply from the Citigen Energy Centre and establishes a partnership expected to run into the 2040s. Through this arrangement, Mode London will receive low-carbon heating generated by ground source heat pumps at Citigen, helping improve the buildin

Zehnder Revenue Jumps in 2025; Steady Recovery Expected in 2026 SWITZERLAND: Zehnder Group reported strong growth in its ventilation segment in 2025, with total sales rising 18% (organically +15%) to US$542 million (EUR 501.7 million). The acquisition of Spain-based Siber contributed around 5% to growth, while second-half organic sales increased 14%. The segment accounted for 66% of total group sales, up from 60% a year earlier. Sales revenue in the EMEA region climbed 23% to

Green Finance Facility boosts renewable energy adoption for SMEs NORTH MACEDONIA: A UN-backed Green Finance Facility (GFF) is demonstrating how targeted financial support can accelerate North Macedonia’s green transition while delivering measurable climate and public health benefits. Funded by the UN Joint SDG Fund and led by UNDP North Macedonia, with participation from IOM and support from EBRD and UNECE, the initiative provides affordable green financing to small and mediu

LG Electronics India Q3 FY26 Revenue and Profit Decline Amid Margin Contraction INDIA: LG Electronics India reported a weaker financial performance in Q3 FY26, reflecting a slowdown in both revenue and profitability amid subdued demand conditions in the domestic consumer durables market. Revenue declined 6.4% year-on-year to ₹4,114 crore (USD 496 million). The home appliances segment was particularly impacted, with revenue easing to ₹2,788 crore (USD 336 million) from ₹3,091

UNEP and ASHRAE Adopt New Lifecycle Refrigerant Management Plan UNITED STATES: UNEP and ASHRAE have adopted a new two-year work plan on Life Cycle Refrigerant Management (LRM), strengthening their long-standing collaboration supporting the global transition to sustainable refrigerants. The plan was adopted at the ASHRAE Winter Conference in Nevada, USA, and will guide joint projects covering refrigerants from production to end-of-life. Key initiatives include new training too

Crompton Greaves Consumer Electricals Ltd. Reports Q3 FY26 Results INDIA: Crompton Greaves Consumer Electricals Ltd. reported stable financial performance in Q3 FY26. Consolidated revenue increased 7.3% year-on-year to approximately USD 2.29 billion (₹1,898 crore), with continued sequential improvement in revenues and margins. EBITDA rose to around USD 235 million (₹195 crore), with margins at 10.3%, supported by controlled advertising spends and cost optimisation, despite co

Carrier Shares 2025 Performance and 2026 Forecast USA: Carrier reported weaker fourth-quarter 2025 results, with sales down 6% and organic sales down 9%, reflecting soft residential demand and distributor destocking in the Americas. Full-year 2025 sales reached US$ 21.75 billion, down 3% year on year, though global commercial HVAC and aftermarket businesses achieved double-digit growth. Profitability was supported by productivity gains and a stronger mix in some regions. The

EU Backs Recovery Payment for Czechia After Reform Progress CZECH REPUBLIC: The European Commission has given a positive assessment of Czechia’s fifth payment request worth US$ 725.2 million (€614 million) under the EU Recovery and Resilience Facility. The approval follows Czechia’s satisfactory completion of 29 milestones and targets linked to reforms and investments in affordable housing, sustainable transport, energy efficiency, rail infrastructure, environmental research

Bosch Home Comfort Group Reports Stable Sales and Strategic Gains in 2025 GERMANY: Bosch Home Comfort Group maintained stable performance in 2025 despite a challenging global HVAC market marked by weaker demand in North America and uncertainty in Europe. Preliminary sales reached around US$5.20 billion (€4.4 billion), broadly in line with the previous year, while nominal growth edged up 0.3%. The company gained notable market share in European heat pumps and air conditioning,