Precise Air Group has entered into a formal agreement to become a fully owned subsidiary of Fujitsu General Limited.
The acquisition provides a platform for Fujitsu General to expand its offering in the Australian commercial market and enables Precise Air Group to accelerate its own business strategies.
As such, Precise Air Group and Fujitsu General will continue to operate business as usual, function independently and continue to serve their client bases with their individual products and services.
Precise Air Group managing director, Nadeem Tayar, said both companies share common goals making it a natural fit.
Fujitsu is a leading brand in the Australian domestic air conditioning market and is focused on becoming a dominant HVAC supplier in the commercial market.
Precise Air’s existing business model and technical services employee base provides Fujitsu General with an experienced business partner in the commercial market to help facilitate this.
“Precise Air has a very loyal team of employees and customer base so it was important for us that any acquisition resulted in minimal to no impact on their experience with us,” Tayar said.
“We are excited about the future prospects that will be available as a result of this agreement.”
All Directors and the Senior Management team will continue in their current roles.
Fujitsu General Australia and New Zealand managing director, Philip Perham, said there are no plans to change the current business model or management structure at Precise Air.
“This acquisition serves as a vehicle to provide better products and services that are aligned to our strategic direction and our strong intent to grow our dealer and commercial business through an expanded product range and comprehensive service offering,” Perham said.
Established in 2002, Precise Air Group is one of Australia’s leading national providers of HVAC, fire and bundled MFEPH (mechanical, fire, electrical, plumbing and handyman) services.