Acquisition History / Paloma Rheem Holdings / Fujitsu General Limited
Paloma Rheem Holdings Acquires Fujitsu General Limited
Announced April 28, 2025 — $917.8M
What happened
Paloma Rheem Holdings, the Nagoya-based water heater and HVAC group, tendered for Tokyo Prime-listed air conditioner maker Fujitsu General from 28 April 2025, buying Fujitsu's stake and taking the company private. The offer completed on 29 May 2025 for JPY 136.986bn.
- Acquirer
- Paloma Rheem Holdings
- Target
- Fujitsu General Limited
- Announced
- April 28, 2025
- Price
- $917.8M
- Industry
- Air conditioning equipment
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Paloma Rheem Holdings acquire Fujitsu General Limited?
Paloma Rheem Holdings acquired Fujitsu General Limited on April 28, 2025. This was Paloma Rheem Holdings's 1st publicly tracked acquisition out of 1 we have on record.
How much did Paloma Rheem Holdings pay for Fujitsu General Limited?
Paloma Rheem Holdings paid $917.8M for Fujitsu General Limited.
What does Fujitsu General Limited do?
Paloma Rheem Holdings, the Nagoya-based water heater and HVAC group, tendered for Tokyo Prime-listed air conditioner maker Fujitsu General from 28 April 2025, buying Fujitsu's stake and taking the company private. The offer completed on 29 May 2025 for JPY 136.986bn.
What other Air conditioning equipment companies has Paloma Rheem Holdings acquired?
Fujitsu General Limited is Paloma Rheem Holdings's only publicly tracked acquisition in Air conditioning equipment so far.