CCI Approves PRHCL's USD 1.6 Billion Acquisition of Fujitsu General.

Banking & Finance

In February 2025, the Competition Commission of India (CCI) approved the proposal of Nagoya (Japan)-based Paloma Rheem Holdings Company Limited (PRHCL) to acquire Japanese air-conditioner maker Fujitsu General for USD 1.6 billion.


      - Following the approval, Fujitsu General will become a wholly-owned subsidiary of Paloma Rheem Holdings.

      - Fujitsu General specializes in air conditioning (A/C) solutions for the home, commercial, and industrial markets, along with related IT systems and devices.

     

Main Point :-   (i) The company sells A/Cs under the O General brand and operates in India through its subsidiary Fujitsu General (India).

      (ii) CCI approved the acquisition under the green channel route, as per Section 6(4) of the Competition Act, 2002, read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024.

(iii) The green channel mechanism provides automatic approval for combinations that do not significantly impact competition once the involved parties file a notice for the combination.

          ____________________________