Lennox Posts Softer 2025 Sales but Lifts Margins and Sets 2026 Growth Outlook USA: Lennox reported mixed results for 2025, with revenue slipping 3% to US$ 5.2 billion amid weaker volumes, channel destocking and subdued construction demand. Fourth-quarter revenue fell 11% year on year, while adjusted earnings per share declined 22%. Despite this, the company achieved record annual margins above 20%, supported by cost controls, pricing discipline and favourable product mix. Hom

Europe Housing Landscape in 2025: Ownership Dominates, Affordability Strains Intensify EUROPE: Housing conditions across the European Union in 2025 reveal a market shaped by high ownership, rising costs and growing affordability challenges. In 2024, 68% of EU residents owned their homes, with ownership rates exceeding 90% in Romania, Slovakia, Hungary and Croatia. Germany remained the only country where renting predominated. Just over half of Europeans lived in houses, though

India’s Union Budget 2026–27 Reinforces Infrastructure-Led Growth INDIA: India’s Finance Minister Nirmala Sitharaman has presented the Union Budget for 2026–27, reinforcing the government’s infrastructure-led growth strategy with a record outlay of ₹12.2 trillion (USD133 billion) for infrastructure in FY2027—an 11.4% increase year on year. Roads, ports and railways remain central to the agenda of the Narendra Modi government, with a renewed emphasis on expanding connectivity

GC Group Expands Italian Footprint with Two New Family Businesses ITALY: The GC Group has strengthened its presence in Italy with the addition of Caielli & Ferrari and Acquatica SpA from the start of 2026. Operating under Cordes & Graefe Italia Holding, the new members gain access to group-wide logistics, digital platforms and collaborative synergies. As part of the expansion, the group is acquiring a central logistics hub at the Cisette (C7) site, to be operated by Cordes &

Trane and Garrett Motion Join Forces for Ultra Efficient Commercial HVAC Solutions SWITZERLAND: Trane Technologies and Garrett Motion have announced a strategic collaboration to advance next-generation, oil-free centrifugal compressor technology for commercial HVAC applications. The partnership combines Trane’s system-level expertise with Garrett’s high-speed, oil-free compressor technology, which has already demonstrated significant energy-efficiency gains in testing. The co

UK Boiler Upgrade Scheme Hits Record Heat Pump Uptake in 2025 UNITED KINGDOM: The UK government’s Boiler Upgrade Scheme delivered a record year in 2025, with 110,758 voucher applications submitted, 98% for air source heat pumps. Despite a seasonal slowdown in December, the scheme issued 95,639 vouchers during the year and paid 72,982 redemptions, with December ranking among the strongest months on record for completed installations. Regionally, the South East and South West l

Panasonic Appointed to Procure Plus Framework for Low-Carbon Heating Solutions United Kingdom: Panasonic Heating and Cooling UK have been selected for the four-year Procure Plus framework, supporting the supply of low- and zero-carbon heating, hot water and smart control technologies to social housing and public sector organisations across the UK. Under the framework, Panasonic will provide its Aquarea air source heat pumps, hot water cylinders and smart control solutions to

STIEBEL ELTRON Begins Heat Pump Production at Höxter Facility GERMANY: STIEBEL ELTRON has commenced heat pump production at its newly acquired facility in Höxter, Germany, following the takeover of the former DMA mechanical engineering site in late 2022. After extensive refurbishment, one production line is now operational, with two additional lines planned. The facility will handle the full production process, from assembling refrigerant circuits to testing, charging and pac

UK Heat Pump Industry to Launch Unified Trade Body in 2026 UNITED KINGDOM: The UK heat pump sector will unite under a single trade body, Heat Pump Association UK (HPA UK), following a decision by members of the Heat Pump Association, Ground Source Heat Pump Association and Heat Pump Federation to merge. Launching in January 2026, the new organisation aims to provide a unified voice for low-carbon heating as the industry scales up deployment across domestic, commercial and ind

Bluon Partners with Helios HVACR to Deploy AI Diagnostics Across Field Operations US: Bluon has announced a strategic partnership with Helios HVACR Services, under which Helios HVACR is deploying Bluon’s AI driven diagnostics and equipment intelligence platform across its nationwide field operations. Helios HVACR operates in more than 40 US states and provides commercial HVACR installation, maintenance, and repair services. The platform is being integrated into existing workf

United States UNITED STATES: National Energy Assistance Directors Association (NEADA) forecasts that United States household heating costs will rise 9.2% this winter, roughly three times inflation, driven by higher electricity and natural gas prices and colder weather. Average heating spending is expected to reach $995, up $84 year-on-year. Electricity-heated homes face the steepest increase (+12.2%), followed by natural gas users (+8.4%), while heating oil and propane costs

Trane Technologies United States: Trane Technologies has signed an agreement to acquire Stellar Energy Digital, a provider of turnkey liquid-to-chip cooling solutions for data centres. Based in Jacksonville, Florida, Stellar Energy designs modular cooling plants and utility systems and employs around 700 people across two assembly facilities. The acquisition strengthens Trane’s position in the fast-growing data centre thermal-management market and creates opportunities to sca

Midea Malaysia MALAYSIA: Midea Malaysia has expanded its retail footprint with the launch of a new Midea Pro Shop in collaboration with Dynamic Air-Conditioners Sales & Service at No. 9A, Jalan Lychee, 96000 Sibu, Sarawak. The outlet offers a full showcase of Midea’s latest energy-efficient air-conditioning systems, including inverter models and smart solutions compatible with MSmartHome. With Dynamic Air-Conditioners’ established expertise in installation, maintenance, and t

SCG Decor THAILAND: SCG Decor Public Company Limited (SCGD) reported robust third-quarter results for 2025, achieving its strongest performance since listing on the Stock Exchange of Thailand. Net profit rose sharply as the company enhanced operational efficiency, expanded production at PRIME Vietnam its regional production and export hub and launched innovative high-value-added (HVA) bathroom and kitchen solutions. New offerings such as the DUACT-TAP & GO automatic toilet, X

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

Danfoss DENMARK/ITALY: Danfoss has announced the acquisition of Palladio, an Italian manufacturer of high-efficiency screw compressors,...

Mitsubishi Heavy Industries JAPAN: c Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a member of the MHI Group, has...

Fujitsu General JAPAN: Fujitsu General has announced that, effective January 1, 2026, it will change its trade name to GENERAL Inc. and...

Lennox UNITED STATES: Lennox International Inc. (NYSE: LII) saw its share price rise 4.05% in pre-market trading after announcing strong...

Acquisition of Kelvinator by Reliance Retail INDIA: On July 18, 2025, Reliance Retail announced the strategic acquisition of Kelvinator...