Fujitsu General acquires Precise Air Group

Precise Air Group is pleased to announce that on 12th December 2018 the Company entered into a formal agreement to become a fully owned subsidiary of Fujitsu General Limited.

This 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.

“Fujitsu General and Precise Air Group share common goals and a commitment to forming lasting partnerships with their employees, customers and suppliers,” said Nadeem Tayar, Precise Air Group Managing Director.

“They are both customer-centric companies who are focused on partnering with their customers and evolving to meet their changing needs,” said Nadeem Tayar, Precise Air Group Managing Director, “so this agreement with Fujitsu is a natural fit for both parties.”

Fujitsu General and Precise Air also bring very complementary attributes to the agreement.

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,” said Nadeem. “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.

“PAG will be a wholly owned subsidiary of FGL and our intention is to operate PAG as a completely independent and stand-alone business,” stated Philip Perham, Managing Director, Fujitsu General Australia and New Zealand. “Further to this, we have no plan to change the successful business model or management structure of PAG. It will be business as usual for FGA and PAG.

“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,” continued Philip Perham.

“Over the next few months our focus will be on ensuring that the transition will be seamless for our customers and our employees,” continued Nadeem Tayar. “There will be minimal structural changes as a result of the nature of the acquisition and mutual business models, so we anticipate customers, employees and suppliers will notice little change.”

For more information, please contact Nadeem Tayar on 1300 728 250.

To view Fujitsu General’s announcement regarding the acquisition, please click here.

About Precise Air Group
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. Through an expanding National Contracts portfolio, Precise Air Group services some of Australia’s largest companies, government entities, property owners and property managers.

About Fujitsu General Australia
Fujitsu General Australia is part of Fujitsu General Limited – a leading, global manufacturer of air conditioners. Proud to be ‘Australia’s favourite air’, Fujitsu General Australia has a product portfolio to suit residential and commercial applications. Rigorous research and development has resulted in an extensive range of world-class, stylish and energy efficient systems.