Panasonic Completes Acquisition of Polish Refrigeration Firm
Poland: Panasonic Corporation's Cold Chain Solutions Company (Panasonic CCS) has completed the acquisition of 100% of the shares of Area Cooling Solutions Sp. z o.o., a refrigeration equipment manufacturer based in Poland. The acquisition, formalised through a share transfer agreement with Area Cooling's parent company, Cooling Solutions S.L., follows an initial announcement made on July 9, 2024. As part of this acquisition, Area Cooling will operate under the new name of Panasonic Cold Chain Poland Sp. z o.o., continuing its refrigeration business, including the supply of spare parts, while its compressor distribution business has been separated into an independent entity, Cooling Solutions Sp. z o.o., based in Warsaw.
This acquisition strengthens Panasonic CCS's position in the European refrigeration market and supports the expansion of its cold chain business globally. A major focus of Panasonic Cold Chain Poland will be the development of environmentally friendly refrigeration solutions, such as inverter-controlled condensing units and CO2 condensing units, which are gaining traction in the European market for their environmental and economic advantages. Panasonic CCS aims to contribute to a greener society by advancing sustainable technologies to meet the growing demands of the cold chain sector.
Source: Panasonic