Fujitsu General acquires majority stake in ABS Aircon

Japan's leading air-conditioning manufacturer Fujitsu General has acquired majority stake in city-based HVAC contracting company ABS Aircon Engineers to further expand commercial air-conditioning contracting and engineering services in India, ABS said Friday.

ABS Aircon Engineers said Fujitsu General and ABS hope to expand HVAC (Heating and Air Conditioning) contracting services across India and abroad in the future, as well as to form a platform to sell more Fujitsu products such as VRF in India.

Through this tie-up, Fujitsu General intends to strengthen the HVAC services corresponding to the commercial air conditioner market in India, the company said in a statement.

ABS can leverage the air-conditioning technologies, financial strength and sales network of Fujitsu aiming towards expansion of mutual business, it added.

According to Fujitsu, both companies would continue discussions for the expansion of services in fast-growing Indian and other markets, even as ABS would continue to operateas an independent HVAC contractor with guidance and support ofFujitsu General.