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NEWS


L-r: Martin Michaelson (AMP), Makoto Takahashi (Panasonic), Polly McConachie (AMP), and Enrique Vilamitjana (Panasonic).


Most read on ACR-news.com


Panasonic acquires distributor AMP


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anasonic Corporation has completed its acquisition of AMP Air Conditioning (AMP), one of the largest independent air conditioning distributors in the UK. The acquisition of AMP provides Panasonic with an opportunity to expand its presence in the UK, which is the largest market for commercial air conditioners in Europe. Toshiyuki Takagi, president of Panasonic Air Conditioner Company, stated: “Europe is a key region for our global air conditioning business. Panasonic is committed to being a strategic partner for AMP and we aim to expand our business in Europe through this collaboration.”


Panasonic sees Europe, an environmentally conscious region with strict environmental regulations for air conditioning products, as a market where the company’s energy-saving, environmentally friendly and healthcare conscious technologies can be fully exploited.


Makoto Takahashi, chief executive of Panasonic Appliances Air Conditioning Europe, added: “With AMP’s know-how, Panasonic’s strategy is to expand our business and services to their customers and provide even more comprehensive solutions. We look forward to welcoming AMP and its employees into the Panasonic family. We see many positive benefits for AMP and Panasonic Aircon business employees as a result of this acquisition.”


Polly McConachie and Martin Michaelson, co- managing directors of AMP said: “This is a great opportunity for AMP to expand our air conditioning business in the UK. With the strength and support of Panasonic behind us, we are now able to pursue an exciting growth strategy while at the same time supporting Panasonic in their longer term commercial goals in the UK.”


As a result of AMP’s aquisition by Panasonic, both Fujitsu Air Conditioning UK and Toshiba Air Conditioning UK have both terminated their agreements with the distributor.


Fujitsu said: “We will do all we can to ensure that disruption to our customers is kept to a minimum. We will work with our other distributors to ensure Fujitsu customers have an alternative supply channel available.”


Toshiba commented: “This business change has no impact on customer warranties. Toshiba Air Conditioning UK will continue to provide industry- leading cover and technical support to customers who have purchased Toshiba and CIAT products through AMP. Moving forward, Toshiba and CIAT distributor Cool Designs, and Toshiba distributors Cool Solutions Distribution, Dysk, GT Phelan, and Hushon UK, will play an enhanced role in supporting Toshiba and CIAT’s customer base, working alongside wholesaler Wolseley through Climate Center.”


Panasonic acquires UK distributor AMP www.acr-news.com/panasonic-acquires-uk- air-conditioning-equipment-distributor-amp


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4 October 2017


www.acr-news.com


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