Tokyo, August 22, 2025
Paloma Rheem Holdings Co., Ltd. (“Paloma Rheem”) is pleased to announce that it has completed a series of procedures following the public tender offer for the common shares of Fujitsu General Limited (“Fujitsu General”) and has made Fujitsu General a wholly owned subsidiary. Accordingly, Fujitsu General was delisted from the Tokyo Stock Exchange as of August 19, 2025.
Fujitsu General is engaged primarily in the air conditioning business, as well as related information & communication systems and electronic devices. In the North American air conditioning market, Fujitsu General has an existing collaborative relationship with Rheem, a member of the Paloma Rheem Group, which includes mutual product supply and joint development initiatives.
With the participation of Fujitsu General, the Paloma Rheem Group aims to further enhance its collective growth through mutual complementary collaboration. By leveraging each company’s well-established sales infrastructure and service network, the combined group will be better positioned to deliver comprehensive solutions that address customer needs and strengthen its presence in both the domestic and international air conditioning markets. In the long term, Paloma Rheem Group aims to enhance its leadership in the global air conditioning industry, integrate air conditioning and water heating technologies, and drive further innovation. Through these efforts, the group will also contribute to the promotion of decarbonization efforts.