KRN Heat Exchanger and Refrigeration Limited, a well‑known maker of aluminium and copper fin heat exchangers in Jaipur, India, has taken a major step to grow its business. On Tuesday, the company announced that its wholly‑owned unit, KRN HVAC Products Private Limited, will buy the Bus Air‑Conditioning division of Sphere Refrigeration Systems (SRSPL).
The deal will give KRN HVAC full control of SRSPL’s bus cooling operations, including all tools, plants, and staff. After the transfer, the new unit will merge with KRN HVAC’s existing operations, broadening the company’s product line into the transport and mobility market.
Why this matters
KRN’s move fits a clear strategy to build a diversified HVAC portfolio that serves industrial, commercial, and mobility customers. Bus air‑conditioning is a fast‑growing niche in India, where cities are investing in modern, energy‑efficient public transport. Adding Sphere’s expertise to KRN’s strong manufacturing base should create strong design, production, and distribution synergies.
Sphere Refrigeration has three veteran founders: Sandeep Singh, Pramod Verma, and Sukhdev Singh. With 25 to 36 years of experience in automotive HVAC, they have built a reputation for quality, innovation, and reliability. Under their leadership, Sphere became a respected name in the bus and automotive air‑conditioning space.
KRN’s chairman, Santosh Kumar, welcomed the acquisition. “This purchase strengthens our presence in the automotive HVAC segment and supports our goal of becoming a comprehensive solutions provider,” he said. “We are excited to work with Sphere’s team and to bring new value to our customers.”
Key takeaways
– KRN HVAC will now own SRSPL’s bus air‑conditioning business in India, expanding its reach into transport cooling.
– The acquisition aligns with KRN’s plan to grow in industrial, commercial, and mobility HVAC markets.
– Sphere’s founders bring deep industry experience and a track record of innovation.
– The deal is expected to boost KRN’s revenue, profitability, and market presence over the next few years.
This development places KRN Heat Exchanger and Refrigeration Limited ahead in a growing sector of India’s transport and HVAC industry. With its new bus cooling division, the company is well‑positioned to offer customers advanced, energy‑efficient climate control solutions across the nation.
Source: aninews
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