Bengaluru, Nov 29: ABS Aircon Engineers, one of the leading HVAC contracting companies in South India, has entered into a JV with Japan’s leading air-conditioner manufacturer Fujitsu General Limited; with the Japanese giant acquiring a majority stake in the Bengaluru based company.
This is one of the key strategic partnerships for Fujitsu General in India on their foray into commercial HVAC solution segment, according to a release here on Thursday.
Speaking about the acquisition, Mr Etsuro Saito, President, Fujitsu General Limited said, “Around 83 years ago, Fujitsu General was like ABS. We see a reflection of Fujitsu General’s energy, dedication and focus on customer delight in ABS and that’s what made us choose ABS as our partners.”
“This is not just a collaboration, it’s a celebration — A celebration of cultures, ideas, values, dreams and growth. it is our first partnership in India for commercial HVAC business and it’s certainly a celebration of harmony and togetherness", he added.
ABS Director Villayath Ali said, “With a global leader by our side, the possibilities for a ontracting firm are infinite and what started as a little spark has today reaching the skies.”
Mr Saito said, “We consider the ‘expansion of foreign commercial business’ and the ‘capture and expansion of Indian market’ as part of our five key 'expansion projects' toward achieving our mid-term management plan. Currently, we have strong brand power with residential air conditioners in the air conditioning market in India. At the same time, we have also been developing commercial air conditioners for small and medium-sized buildings in recent years. ABS possess an extensive track record in office, commercial facilities, hospitals, factories and logistics facilities with a focus on large air conditioning systems such as chillers and air handling units.”
“ABS and Fujitsu General will make a great combination — like us, they too care for human beings, for their work culture, for fine detail, for long lasting relationships and perhaps that’s why they connected with us and we connected so well with them,” said ABS Director B S Balakrishna. (UNI)