Acquisitions6 Oct 2025, 08:21 pm
KRN Heat Exchanger Acquires SRSPL’s Bus Air-Conditioning Division, Expanding Transport and Mobility Cooling Segment
AI Summary
KRN Heat Exchanger and Refrigeration Limited, a prominent manufacturer and exporter of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, announced the acquisition of SRSPL’s Bus Air-Conditioning division through its wholly owned subsidiary, KRN HVAC Products Private Limited. The acquisition is expected to contribute to KRN's growth in revenue, profitability, and market reach in the coming years, as well as expand its product portfolio across the transport and mobility cooling segment. The acquisition is an important milestone in KRN’s strategy to build a diversified HVAC business portfolio catering to industrial, commercial, and mobility applications.
Key Highlights
- KRN HVAC Products Private Limited has signed a Business Transfer Agreement (BTA) with Sphere Refrigeration Systems Private Limited (SRSPL) to acquire its Bus Air-Conditioning division.
- Upon completion, the division will be fully integrated into KRN HVAC’s operations, expanding the company’s product portfolio across the transport and mobility cooling segment.
- The acquisition marks an important milestone in KRN’s strategy to build a diversified HVAC business portfolio catering to industrial, commercial, and mobility applications.
- SRSPL’s Bus Air-Conditioning segment represents a growing opportunity area, driven by increasing demand for passenger comfort, energy efficiency, and sustainable cooling technologies in India’s rapidly modernizing transportation sector.
- The acquisition is expected to contribute to KRN's growth in revenue, profitability, and market reach in the coming years.