Fujitsu General Australia has announced the acquisition by parent company Fujitsu General Limited of Precise Air Group (Holding) Pty Limited (PAG), a leading Australian provider of HVAC, fire and bundled maintenance services.
The move signals Fujitsu’s intention to expand its business from home air conditioning – where it is currently a market leader in Australia – into commercial air conditioning, as well as the large service and maintenance market. According to Fujitsu, PAG is particularly strong in the small- and medium-sized building maintenance business. This will also allow the company to grow its air conditioner business by supplying products to PAG’s customers for replacement demands.
A privately owned Australian business established in 2002, PAG has over 372 employees nationally. Fujitsu General purchased all the shares held by PAG management.
“We are committed to the development of our dealer and commercial business, and in line with our strategic plan we want to continue to drive the growth in this channel,” says Fujitsu General Australia and New Zealand managing director Philip Perham.
“The acquisition of PAG will be a cornerstone of our continued growth in these channels. It will serve as the foundation for us to introduce an expanded commercial product line-up and enhance the commercial after-sales service capability of our business, which we know is a key element of success in the commercial air conditioning market.
“Fujitsu General Australia has an extremely successful in-house customer care and technical support division for air conditioning systems, called Fujitsu General Assist. And the addition of Precise Air Group will enable the business to further expand its commercial offering,” says Perham.
At this stage the intention is for both Fujitsu and PAG to keep their independence.
“For both parties it will be business as usual,” says Perham.