Latest Hvac News

Lennox is replacing the head of its Building Climate Solutions segment with an internal executive while retaining the outgoing leader as a strategic adviser through February 2028. The transition preserves customer and leadership continuity, but the filing does not indicate any change to financial guidance.

NRW Holdings delivered record FY26 revenue and earnings after folding Fredon into a new EMIT division, while debt-funded expansion lifted leverage. The company enters FY27 with A$7.5 billion of secured work, a larger banking facility and a sharper test of whether diversification can keep converting into cash.

Southern Cross Electrical Engineering will acquire Victorian fire and HVAC services group Entire Operations for up to $112.1 million, funded from existing cash reserves. The deal adds mechanical services, expands SCEE’s national fire platform and lifts FY27 EBITDA guidance to at least $110 million.

Dotz Nano has secured a two-year supply agreement with Finnish direct-air-capture company Soletair Power, giving its carbon-capture sorbent a defined commercial customer and a contract value of EUR600,000. The deal is an important validation step, although the announcement does not disclose volumes, margins or delivery schedules.

X2M Connect has partnered with Resi Ventures to deploy its AI-driven platform in regional Australian data centres, starting with a major integrated precinct near Ballarat. The collaboration targets the surging demand for edge computing and sustainable energy management across regional infrastructure.

Duratec has landed a $68 million subcontract to build and commission the Blast and Paint Facility at the Darwin Ship Lift, a strategic maritime infrastructure project supporting defence and commercial sectors.

Multistack International reversed a $1.68 million loss to report a $2.26 million profit in 2025, driven by $4 million in settlement and asset disposal income. The company plans to exit its loss-making Australian operations through a share disposal while exploring new business avenues.

FBR Limited has locked in a binding $400,000–$450,000 Wall as a Service® contract with AMOVEO, marking a key step in deploying its Hadrian® robotic construction technology at scale. The company also inked a strategic MOU to pilot a hybrid robotic-modular housing solution targeting Australia’s affordable housing shortage.

NRW Holdings reported a robust first half of FY26, driven by strong segment performances and the strategic acquisition of Fredon Industries, boosting revenue and profits significantly.

Multistack International Limited has announced plans to discontinue its current business operations and is working towards disposing of its Australian subsidiary after continued losses and cash burn.

Reece Limited has increased its on-market share buyback target by $50 million, raising the total to $85 million as part of its disciplined capital management strategy.

Fredon, a subsidiary of NRW Holdings, has landed approximately $150 million in new contracts for data centre electrical and mechanical works across Victoria, Brisbane, and NSW, reinforcing its foothold in Australia’s growing data centre sector.