Sojitz Corporation has announced it will acquire Australian air conditioning and mechanical services company Ellis Air Group.
Sojitz is a Japanese company working across a wide range of sectors including infrastructure, automotive, transportation, and consumer industries. It describes the acquisition of Ellis Air as a step into the energy conservation market in Australia.
It is understood that Ellis Air’s experience in energy-saving air conditioning design and construction was a key factor in the acquisition. The company is also an approved electricity retailer and National Energy Market (NEM) member, which would support Sojitz and Ellis Air’s expansion into the Energy as a Service (EaaS) field. This includes providing heating and cooling as a service
Sojitz notes that Australia has the second highest annual per capita CO₂ emissions among G20 countries and the highest annual per capita consumption of energy in the APAC region. During periods of peak energy use, air conditioning and heating account for approximately 50 per cent of all power consumption. Sojitz says it will provide financial support with the aim of actively developing the energy conservation business centred on air conditioning design, construction, and maintenance projects that both reduce power consumption and decrease CO₂ emissions.
Ellis Air has welcomed the acquisition.
“We look forward to working with Sojitz to help our clients achieve their goals and contribute towards the realisation of a decarbonised society while helping Ellis continue its growth and expansion,” says Ellis Air Managing Director Adam Langford, M.AIRAH.
Image courtesy of Ellis Air.