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Japan's Paloma gets Indian fast-track clearance to acquire Fujitsu General

By Freny Patel ( February 26, 2025, 06:43 GMT | Insight) -- Japan’s Paloma Rheem Holdings, a leading water heating equipment manufacturer, has received clearance under India's fast-track merger regime to acquire Fujitsu General in a $1.6 billion deal. In the merger application, the parties told the Competition Commission of India that the proposed transaction does not raise any risk of appreciable adverse effect on competition in India given the absence of horizontal overlaps, vertical relationships or complementary links between the companies' activities in the country. Japan’s Paloma Rheem Holdings, a leading water heating equipment manufacturer, has received clearance under India's fast-track merger regime to acquire Fujitsu General....

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