Fujitsu General to expand commercial air-conditioning contracting in India

India, a highly under-penetrated HVAC market, will see rapid growth in air-conditioning services in the coming years owing to faster GDP growth and infrastructure development.

Fujitsu General Limited of Japan and ABS Aircon Engineers PrivateLimited, an HVAC Contracting company with its head office in Bangalore, India, have entered into an agreement in which Fujitsu General will acquire a majority stake in ABS to further expand commercial air-conditioning contracting and engineering services in India.

India, a highly under-penetrated HVAC market, will see rapid growth in air-conditioning services in the coming years owing to faster GDP growth and infrastructure development. ABS is a highly sought after HVAC contractor in South India, is involved in many high values and high-quality HVAC projects for Indian and Multi-national clients. In the future, Fujitsu General and ABS hope to expand HVAC contracting services across India and abroad as well as to form a platform to sell more Fujitsu General 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 and ABS can leverage the air-conditioning technologies, financial strength and sales network of Fujitsu General aiming towards the expansion of the mutual business. Both companies will continue discussions for the expansion of services in fast-growing Indian and other markets. ABS will continue to operate as an independent HVAC contractor with guidance and support of Fujitsu General.

Siddharth Bhaiya of SB Indo Advisors KK, Japan advised Fujitsu General and RCS Advisors (India) advised ABS Aircon on the transaction.