LG Electronics buys Norway’s OSO Hotwater to boost HVAC reach

Azernews.Az

30 June 2025 22:24 (UTC+04:00)

LG Electronics announced the acquisition of OSO Hotwater, a Norwegian manufacturer of premium water heating solutions, marking a significant strategic move to expand its global heating, ventilation, and air conditioning (HVAC) business. The deal, disclosed on Monday, gives LG a 100 percent stake in OSO, although the acquisition price remains undisclosed. Industry insiders estimate the deal to be worth several hundred billion Korean won, Azernews reports, citing Korean media.

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