Company intends to become major distributor in plumbing, HVAC, and waterworks
September 30, 2016
Morsco Inc., a distributor of commercial and residential plumbing products, HVAC equipment, and pipe, valves and fittings (PVF), announced it has signed an agreement to acquire Fortiline Waterworks, one of the largest waterworks distributors in the U.S., as its waterworks distribution platform.
The Aaon LZ Series air- and evaporative-cooled condenser chiller and packaged outdoor mechanical room is designed to provide energy-efficient full- and part-load operation while being easy to configure, install, and maintain. The company’s focus on versatility and ease of installation helped the LZ Series earn gold in the Commercial HVAC Equipment category.
Fluke Corp.’s 902 FC True-RMS HVAC Clamp Meter is winner of the gold award in the 2016 DDA Testing & Monitoring Products category. The product is a wireless Fluke Connect-enabled meter that can document measurements, email results to customers, and collaborate with colleagues in real time directly from the job site.
Mastercool Inc. invested more than 10 years of research and design into the Refrigeration Flaring and Swaging Tool, and that attention to detail helped the product bring home the gold in the Electronic and Hand Tools category of the 2016 Dealer Design Awards.
The gold award winner in the Contractor Services and Software category, TimeAnywhere model 2.0 from Data-Basics Inc., is a browser-based web portal for remote time entry and expense management. Its updated design offers a convenient dual-pane view of data-entry options, and touchscreen-friendly navigation helps contractors accurately track time, labor, and expenses.
Will enable UTC to expand its presence in the heating segment in Europe
June 3, 2016
United Technologies Holdings Italy S.r.l. has completed the acquisition of approximately 70 percent of Riello Group S.p.A., a leading provider of heating products and services. The Riello family will continue to own the balance of the shares of the Italian-based company, which now becomes part of UTC Climate, Controls & Security.
The market for HVAC equipment is highly mature and is expected to exhibit modest growth
May 2, 2016
The global HVAC equipment market is expected to expand at a compound annual growth rate (CAGR) of 5.6 percent from 2015 to 2022, exceeding $125 billion by 2022, according to a new market report published by Credence Research Inc.