Panasonic Corporation (TSE:6752) agreed to acquire Kauko heat pump business from Kauko Oy on December 2, 2019. All Kauko employees of the heat pump business unit will join Panasonic, and in addition to sales, all aftermarket operations such as after-sales service and repairs are transferred to Panasonic. The transaction is expected to close on January 1, 2019.

Panasonic Corporation (TSE:6752) completed the acquisition of Kauko heat pump business from Kauko Oy on January 1, 2020.