KRN Acquires Bus AC Unit Of Sphere Refrigeration Systems

08 Oct 2025 CW Team

KRN Heat Exchanger and Refrigeration Limited, a leading manufacturer and exporter of aluminium and copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, has announced a major 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 the agreement, KRN HVAC will assume control of all operations, assets, and employees associated with SRSPL’s Bus Air-Conditioning business. Following completion, the division will be fully integrated into KRN HVAC’s operations, enhancing its product range across the transport and mobility cooling segment and driving growth in revenue, profitability, and market reach in the coming years.

Strategic Significance:

The acquisition marks a key milestone in KRN’s strategy to develop a diversified HVAC business portfolio serving industrial, commercial, and mobility applications.
The Bus Air-Conditioning segment represents a growing opportunity, fuelled by rising demand for passenger comfort, energy efficiency, and sustainable cooling technologies in India’s rapidly modernising transport sector.
By combining SRSPL’s expertise in bus climate control systems with KRN’s strong manufacturing and engineering capabilities, the company aims to generate powerful synergies in design, production, and distribution.

This strategic acquisition positions KRN to strengthen its presence in the mobility cooling space, aligning with India’s broader shift towards advanced, energy-efficient, and sustainable transport solutions.

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..