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4-Traders Homepage  >  Equities  >  Tokyo  >  Panasonic Corporation    6752   JP3866800000

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Panasonic : to acquire Brazil's Union Rhac Tecnologia

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09/14/2017 | 09:45am CEST

Panasonic Corporation has announced that it has completed the procedures to acquire Union Rhac Tecnologia (UR), a Brazilian air conditioning engineering company.

UR is engaged in the engineering, installation and after-sales services for commercial air conditioners, such as absorption chillers for large-scale commercial facilities and factories, and gas-cogeneration systems, said a statement.

The company is a leading engineering firm in Brazil, handling over 80 per cent of absorption chillers delivered in that country, it said.

Through this acquisition, Panasonic will leverage UR's knowhow in this field to establish its presence in Brazil's air conditioner market, it added.

Among Latin American countries, Brazil has a strong demand for commercial air conditioners, with a high potential for business growth. In recent years the country, as with Japan, is actively working to equalise energy demands and lower running costs by promoting the use of energy from gas as well as electricity, said a statement.

Panasonic, a top manufacturer of gas air conditioners in Japan, has accumulated over more than 40 years a wealth of energy-saving, environmentally friendly technology and services knowhow for absorption chillers and gas heat pumps (GHPs).

Combining this with UR's strengths in sales and engineering services platforms will allow Panasonic to further strengthen and promote its proposals for energy-saving solutions based on gas energy from GHP for buildings to absorption chillers for large facilities and factories.

Panasonic aims to expand its gas air conditioning business in the Latin American market, centring on Brazil, it stated. - TradeArabia News Service

آ© Copyright 2014 www.tradearabia.com

(c) 2017 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2018 7 784 B
EBIT 2018 -
Net income 2018 177 B
Finance 2018 77 001 M
Yield 2018 1,61%
P/E ratio 2018 21,16
P/E ratio 2019 16,12
EV / Sales 2018 0,50x
EV / Sales 2019 0,46x
Capitalization 3 953 B
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 1 630  JPY
Spread / Average Target 1,1%
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Managers
NameTitle
Kazuhiro Tsuga President & Representative Director
Shusaku Nagae Chairman
Hideaki Kawai Senior Managing Representative Director
Yoshiyuki Miyabe Senior Managing Representative Director
Makoto Ishii Executive Officer & Head-Information Systems
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