KRN Heat Exchanger Expands into Bus Air-Conditioning with Strategic Acquisition

1 min read     Updated on 08 Oct 2025, 01:48 PM
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Overview

KRN Heat Exchanger and Refrigeration's subsidiary, KRN HVAC Products, is set to acquire the bus air-conditioning division of Sphere Refrigeration Systems. The acquisition includes all operations, assets, and employees of the division. This strategic move aims to expand KRN's product portfolio in the transport and mobility cooling segment, aligning with the company's goal to diversify its HVAC business across various applications. The market initially responded with a marginal decrease in share price to 838.00.

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*this image is generated using AI for illustrative purposes only.

KRN Heat Exchanger and Refrigeration has announced a strategic move to broaden its product portfolio in the transport and mobility cooling segment. The company is set to acquire the bus air-conditioning division of Sphere Refrigeration Systems through its wholly-owned subsidiary, KRN HVAC Products.

Acquisition Details

The acquisition will be executed through a Business Transfer Agreement, under which KRN HVAC will take over:

  • All operations
  • Assets
  • Employees of the bus air-conditioning business

This move aligns with KRN's strategy to build a diversified HVAC (Heating, Ventilation, and Air Conditioning) business across industrial, commercial, and mobility applications.

Strategic Implications

Santosh Kumar, Chairman and Managing Director of KRN Heat Exchanger and Refrigeration, highlighted the significance of this acquisition:

  • Strengthens the company's presence in the automotive HVAC segment
  • Supports the goal of becoming a complete solutions provider in the HVAC industry

Market Response

The market's initial reaction to this news was slightly negative:

Metric Value
Share Price 838.00
Price Movement Marginally down

This acquisition represents a significant step for KRN Heat Exchanger and Refrigeration in expanding its product offerings and market presence in the transport cooling sector. The move could potentially open up new revenue streams and strengthen the company's position in the competitive HVAC market.

Investors and industry observers will likely be watching closely to see how this acquisition impacts KRN's financial performance and market share in the coming quarters.

Historical Stock Returns for KRN Heat Exchanger and Refrigeration

1 Day5 Days1 Month6 Months1 Year5 Years
+1.96%+2.01%-1.90%+8.46%+83.47%+76.55%
KRN Heat Exchanger and Refrigeration
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KRN Heat Exchanger Expands into Bus Air-Conditioning Segment through Strategic Acquisition

1 min read     Updated on 06 Oct 2025, 05:06 PM
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Reviewed by
Radhika SahaniScanX News Team
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Overview

KRN Heat Exchanger and Refrigeration Limited is expanding into the bus air-conditioning segment by acquiring the bus air-conditioning division from Sphere Refrigeration Systems Private Limited. The acquisition, approved on October 6, 2025, will be executed through KRN's wholly-owned subsidiary, KRN HVAC Products Private Limited. This strategic move is expected to enhance KRN's revenues, profitability, and market presence in the HVAC sector. Employees from the acquired division will be transferred to KRN HVAC. The deal does not involve any share issuance or related party transactions.

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*this image is generated using AI for illustrative purposes only.

KRN Heat Exchanger and Refrigeration Limited (KRN) has announced a significant business expansion through the acquisition of the bus air-conditioning division from Sphere Refrigeration Systems Private Limited (SRSPL). This strategic move marks KRN's entry into the bus air-conditioning segment, potentially broadening its market presence and diversifying its product portfolio.

Acquisition Details

The acquisition is being executed through KRN HVAC Products Private Limited, a wholly-owned subsidiary of KRN Heat Exchanger and Refrigeration Limited. The company's board of directors approved the signing of a Business Transfer Agreement (BTA) with SRSPL on October 6, 2025. Under this agreement, the entire bus air-conditioning division business currently operated by SRSPL will be transferred to KRN HVAC.

Key Aspects of the Deal

Aspect Details
Acquiring Entity KRN HVAC Products Private Limited
Seller Sphere Refrigeration Systems Private Limited
Agreement Date October 6, 2025
Business Transferred Bus Air-Conditioning Division
Impact on Employees Employees engaged in the bus AC division at SRSPL will be transferred to KRN HVAC
Related Party Transaction No
Share Issuance No issuance of shares involved

Strategic Implications

KRN Heat Exchanger expects this acquisition to enhance both its revenues and profitability. The move aligns with the company's growth strategy, potentially allowing it to:

  1. Expand its product offerings in the HVAC sector
  2. Tap into the growing market for bus air-conditioning systems
  3. Leverage existing expertise in heat exchanger technology for new applications

Management's Perspective

Santosh Kumar Yadav, Managing Director of KRN Heat Exchanger and Refrigeration Limited, signed off on the regulatory filing, indicating the management's confidence in this strategic move. The company views this acquisition as an opportunity to strengthen its position in the HVAC market and create additional value for its shareholders.

Market Impact

While the financial details of the deal have not been disclosed, the acquisition is expected to have a positive impact on KRN Heat Exchanger's market position. Investors and industry observers will likely keep a close watch on how this expansion into the bus air-conditioning segment affects the company's financial performance in the coming quarters.

As KRN Heat Exchanger integrates this new division into its operations, it will be interesting to see how the company leverages this acquisition to drive growth and innovation in the bus air-conditioning market.

Historical Stock Returns for KRN Heat Exchanger and Refrigeration

1 Day5 Days1 Month6 Months1 Year5 Years
+1.96%+2.01%-1.90%+8.46%+83.47%+76.55%
KRN Heat Exchanger and Refrigeration
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like18
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