Strategic acquisition strengthens KRN’s presence in the automotive HVAC segment and aligns with its long-term growth roadmap

Rajasthan : KRN Heat Exchanger and Refrigeration Limited (NSE – KRN | BSE – 544263), One of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, today announced a significant step in its expansion journey.

Its wholly owned subsidiary, 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.

Under this agreement, KRN HVAC will take over all operations, assets, and employees associated with SRSPL’s Bus Air-Conditioning business. 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 and contributing to the company’s growth in revenue, profitability, and market reach in the coming years.

Strengthening the Growth Platform

  • This acquisition marks an important milestone in KRN’s strategy to build a diversified HVAC business portfolio catering to industrial, commercial, and mobility applications.
  • The 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.
  • By integrating SRSPL’s proven expertise in bus climate control systems with KRN’s robust manufacturing capabilities and engineering know-how, the company aims to unlock strong synergies in design, production, and distribution.