HVAC

Atmus Becomes a Fully Independent Company Following Final Separation from Cummins

Retrieved on: 
Monday, March 18, 2024
HVAC, Automotive Manufacturing, Other Manufacturing, Manufacturing, Filtration

Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) today announced its separation from Cummins Inc. (“Cummins”), marking Atmus’ first day as a fully independent company.

Key Points: 
  • Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) today announced its separation from Cummins Inc. (“Cummins”), marking Atmus’ first day as a fully independent company.
  • “Today we celebrate a new day for Atmus,” shared Steph Disher, Chief Executive Officer of Atmus.
  • I am excited about all we will achieve as we realize our purpose of creating a better future by protecting what is important.”
    As separately announced today, Cummins accepted an aggregate of 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus common stock.
  • Full details of the results are available in a separate press release issued by Cummins.

Anchor Peabody Represents Wallace Electric in its Partnership with Kelso Industries

Retrieved on: 
Monday, March 18, 2024
Architecture, Utilities, Manufacturing, Finance, Consulting, Banking, Residential Building & Real Estate, Energy, Commercial Building & Real Estate, Professional Services, Construction & Property, Building Systems, HVAC, Urban Planning, Partnership, Collection, Refrigeration

Anchor Peabody is pleased to announce that it has represented Wallace Electric Co. (“Wallace Electric”), a leading commercial electrical contractor, in its new partnership with Kelso Industries, a collection of market-leading companies providing commercial HVAC, mechanical, refrigeration, electrical, industrial and plumbing services.

Key Points: 
  • Anchor Peabody is pleased to announce that it has represented Wallace Electric Co. (“Wallace Electric”), a leading commercial electrical contractor, in its new partnership with Kelso Industries, a collection of market-leading companies providing commercial HVAC, mechanical, refrigeration, electrical, industrial and plumbing services.
  • Headquartered in Jackson, Georgia, Wallace Electric provides comprehensive electrical services to commercial contractors in high-growth end markets throughout the Southeast.
  • Anchor Peabody, a premier investment bank in the building materials and services industry, served as the exclusive financial advisor to Wallace Electric.
  • “Anchor Peabody was honored to represent Wallace Electric in this partnership,” said Managing Director Will Schryver.

Blue Ridge Expands Into Mexico and Latin America Through Strategic Partnership With HARDI LATAM

Retrieved on: 
Friday, March 15, 2024
Data Management, HVAC, Technology, Logistics, Supply Chain Management, Transport, Manufacturing, Software, HVACR, Partnership, Local, Heat, Drug

Blue Ridge, a leading supply chain planning solution provider, today announced a strategic partnership with HARDI LATAM , a prominent association serving the Heating, Air-Conditioning, Refrigeration Distributors (HVACR) industry in Mexico and Latin America.

Key Points: 
  • Blue Ridge, a leading supply chain planning solution provider, today announced a strategic partnership with HARDI LATAM , a prominent association serving the Heating, Air-Conditioning, Refrigeration Distributors (HVACR) industry in Mexico and Latin America.
  • This partnership marks Blue Ridge’s official expansion into Mexico and Latin America, a region with immense growth potential, and strengthens the existing collaboration with HARDI US .
  • “We are thrilled to join forces with HARDI LATAM to bring our best-in-class supply chain planning solutions to the dynamic and fast-growing markets of Mexico and Latin America,” said Kyle Pexton, CEO of Blue Ridge.
  • Strategic Alliances: Together, Blue Ridge and HARDI LATAM will identify and develop key partnerships with HVACR distributors and other industry leaders, accelerating Blue Ridge’s growth trajectory in the region.

Ferguson plc: Share Repurchase Program

Retrieved on: 
Friday, March 15, 2024
HVAC, Manufacturing, Ferguson plc, Market abuse, Share repurchase, Annual general meeting, Treasury, Acquisition, Barclays

Ferguson plc (the "Company") announces that, in continuation of its $3.0 billion share repurchase program (the "Program"), it has entered into a non-discretionary arrangement with its broker Barclays Capital Inc. ("Barclays") commencing from March 15, 2024 and ending no later than June 13, 2024.

Key Points: 
  • Ferguson plc (the "Company") announces that, in continuation of its $3.0 billion share repurchase program (the "Program"), it has entered into a non-discretionary arrangement with its broker Barclays Capital Inc. ("Barclays") commencing from March 15, 2024 and ending no later than June 13, 2024.
  • The maximum pecuniary amount allocated to this tranche of the Program is $220 million.
  • Pursuant to such authority, the Company intends to continue purchasing shares under the Program.
  • To the extent required, the Company may in the future use the repurchased shares to satisfy share awards.

Parts Town Unlimited Delivers 25%+ Growth with Over $2.3 Billion Revenue for 2023

Retrieved on: 
Friday, March 15, 2024
Other Manufacturing, Technology, Food, Beverage, Logistics, Supply Chain Management, Transport, Manufacturing, Retail, Other Technology, Growth, Package delivery, Running, Carbon, HVAC, OEM, Robotics, Part, Film industry

Parts Town Unlimited, the parent company of Parts Town , a global leader in the high-tech distribution of OEM foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts, and related products, today announced it delivered $2.3 billion revenue vs. $1.8 billion in 2022.

Key Points: 
  • Parts Town Unlimited, the parent company of Parts Town , a global leader in the high-tech distribution of OEM foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts, and related products, today announced it delivered $2.3 billion revenue vs. $1.8 billion in 2022.
  • The core foodservice parts distribution delivered another year of almost 20% organic growth and Parts Town Unlimited has also seen growth in international foodservice equipment parts and an early surge in HVAC parts since the launch of this category in April 2023.
  • The Parts Town Unlimited portfolio now includes 45 unique brands across the globe and has grown to more than 5,400 team members worldwide.
  • “We are proud of the continued growth of the business, improved customer service, new innovations, and growth of our team,” said Steve Snower, Sixth Man (aka CEO), Parts Town Unlimited.

ClearGen and Kelvin Announce Exclusive Partnership; ClearGen to Finance up to $100M in Energy Efficiency Projects

Retrieved on: 
Thursday, March 14, 2024
Construction & Property, Sustainability, Environment, HVAC, Building Systems, Environmental Health, Green Technology, Manufacturing, Electricity, Climate change, Heat, Partnership, BPS, Local, Carbon, City, Heart, American Housing Survey, Legislation, Cozy, Renewable energy

It optimizes heat distribution to eliminate overheating in legacy buildings and provides apartment-level and building-wide controls.

Key Points: 
  • It optimizes heat distribution to eliminate overheating in legacy buildings and provides apartment-level and building-wide controls.
  • The Cozy improves comfort for residents, reduces carbon emissions, and creates notable financial savings for building owners and operators.
  • Through this partnership, ClearGen and Kelvin overcome the financial challenges facing buildings by offering a fully financed solution, benefitting both building owners and residents.
  • "As a financial partner, ClearGen simplified the structuring and financing process that turned Kelvin’s energy efficiency solutions into an actionable plan," explains Rob Howard, ClearGen CEO.

Ferguson Share Repurchase Program - Weekly Report

Retrieved on: 
Wednesday, March 13, 2024
HVAC, Manufacturing, Disclosure, Treasury, Security (finance)

The Company intends to hold these shares in treasury.

Key Points: 
  • The Company intends to hold these shares in treasury.
  • Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 29,451,675.
  • Following the purchase of these shares, the remaining number of ordinary shares in issue will be 202,719,507.
  • In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases can be found at Ferguson - Investors - Shareholder Center - Share Buy-Back Details - 2024 Share Buy-Back .

United Rentals Introduces Tower Crane Battery Energy Systems to North American Fleet

Retrieved on: 
Wednesday, March 13, 2024
Environment, Technology, Construction & Property, Sustainability, Building Systems, Alternative Energy, Green Technology, Energy, Batteries, Other Construction & Property, History, Running, HVAC, Renting, Construction, Power

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it has added battery energy systems for tower cranes to its North American rental fleet.

Key Points: 
  • United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it has added battery energy systems for tower cranes to its North American rental fleet.
  • Configurable up to 500kW, the system operates alongside a generator to deliver reliable power to support tower crane operations.
  • “Battery energy systems for tower cranes provide a great application of practical sustainability on the jobsite by helping contractors address their economic and environmental goals,” said Larry Worthington, Region Vice President, Power and HVAC, United Rentals.
  • This innovative tower crane battery energy system is part of a range of low and zero-emission solutions.

Cleantech Company Themo Developed a Unique Smart Thermostat Technology That Allows Electrically Heated Premises to Earn Money by Participating in Balancing the Grid

Retrieved on: 
Thursday, March 14, 2024
Consumer Electronics, Technology, Engineering, Manufacturing, Mobile, Wireless, Building Systems, Residential Building & Real Estate, Commercial Building & Real Estate, Environment, Construction & Property, HVAC, Utilities, Oil, Gas, Alternative Energy, Energy, Telecommunications, Software, Networks, Internet, Hardware, Satō, Electricity, EUR, Heat, Holiday Club, Wind, City, Plant, Power, Multimedia, Frequency, Uuemaa, Weather, Renewable energy

The smart thermostat technology of the Estonian-Finnish cleantech company Themo has passed the requirements for Fingrid's Frequency Containment Reserve in Finland.

Key Points: 
  • The smart thermostat technology of the Estonian-Finnish cleantech company Themo has passed the requirements for Fingrid's Frequency Containment Reserve in Finland.
  • The technology developed by Themo is an important part of future smart electricity grids," says Joonas Rantala, Sales Director at Themo.
  • Themo consists of the parent company Smart Load Solutions OÜ and its wholly owned Finnish subsidiary Themo Nordic Oy.
  • The technology developed by Themo is an important part of the smarter electricity grid of the future.

Global Light Vehicle Digital Cockpit Research Report 2024 Featuring Pricol, Bosch, Denso, Continental, Infineon Technologies, HARMAN, Panasonic, Visteon, Pioneer, and Faurecia - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 12, 2024
Vehicle Technology, Electronic Design Automation, Consumer Electronics, Automotive, Technology, Hardware, SOC, TFT, HuD (protein), Growth, Original equipment manufacturer, Digital, Dashboard, Internet, Electronics, ADAS, SWOT analysis, Analog, Commercial, ECU, HVAC, Écu, Radio, Safety, Cockpit, Product type, HMI, Television

Rising demand for automotive cockpit electronics, autonomous vehicle technology, and ADAS is fuelling the growth of the global automotive digital cockpit market.

Key Points: 
  • Rising demand for automotive cockpit electronics, autonomous vehicle technology, and ADAS is fuelling the growth of the global automotive digital cockpit market.
  • The report analyses the Light Vehicle Digital Cockpit Market By Product Type (Infotainment, Digital Clusters, and Cockpit Domain Controller).
  • The report analyses the Light Vehicle Digital Cockpit Market By Screen Size (Below 8 Inches, 8-10 Inches, and 11 Inches and Above).
  • The report also analyses the Light Vehicle Digital Cockpit Market By Technology Type (Analog and TFT, Semi-Digital and Digital), Vehicle Type (Passenger, and Commercial).