Fujitsu General will acquire 51 percent of the issued shares in FG Europe Italia S.p.A. (hereinafter FG Europe Italia) for the value of 10 million euros (approximately 1.35 billion yen) FG Europe Italia will become a subsidiary of Fujitsu General in January 2019. The air conditioner market in Italy exceeds 1 million units. The company will further strengthen the marketing and sales activities in the Italian market under our leadership and will aim to strengthen our position in Europe, especially in commercial business. F.G. Europe is a distributor of Fujitsu General. The firm’s head office is located in Greece. It sells and provides the after-sales service of air conditioners in Greece, Italy, Turkey and the Balkans.
Brands retailed: LG, Panasonic, and Intex Annual turnover (2017-18): Rs. 4 crore Projected growth (2018-19): 20 percent FY18 has been the most difficult year mostly for the dealer fraternity. After-effects of...Read More