World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Daikin set to buy refrigeration firm Zanotti

Zanotti-logoITALY: Daikin is set to expand its presence within the cold chain with the purchase of Italian refrigeration group Zanotti for €98m.

A family business founded in 1962 to produce refrigeration plug-in units under the name Uniblock, Zanotti has grown to a company producing a wide range of units for both stationary and transport refrigeration, as well as being active in the industrial refrigeration systems market. Zanotti achieved sales of €125m last year and has representation in more than 65 countries. In addition to Italy, it has factories in Germany, Spain, England, Brazil and China. In the UK the company has owned Hubbard Products since 2007.

Best known for its air conditioners and chillers, Daikin has been providing integrated systems to convenience stores in Japan and Europe with its Conveni-pack and Zeas products. It also manufactures refrigerated containers for the shipping industry.

In a statement, Daikin said: “With this acquisition, Daikin can now provide a diverse product line for all aspects of the cold chain in the European market for low temperature and refrigeration equipment. Also, by applying the technologies that it has cultivated in air conditioning to Zanotti products, Daikin will be able to provide high value-added products that excel in energy savings.”

The deal is expected to be finalised at the end of June.

Daikin Industries has also announced today that it has completed the deal to acquire US filter manufacturer Flanders. The acquisition price was $430m.

Latest News

18th March 2024

Joint venture adopts Epta brand

ITALY: All activities under the recently announced Epta and Viessmann Refrigeration joint venture are to operate under the Epta brand.
18th March 2024

Low carbon heat briefing

UK: The SIRACH network is hosting a half-day briefing at London’s iconic Shard to share the findings of the Lot-Net project. 
18th March 2024

UK heat pump uptake too slow

UK: The UK must achieve an eleven-fold increase in heat pump installations if it is to hit government targets of 600,000 heat pumps installed per year by 2028.
18th March 2024

Refrigeration’s star engineer Forbes Pearson dies

UK: Stephen Forbes Pearson, co-founder of Star Refrigeration and one of the world's greatest refrigeration engineers, has died at the age of 92.
17th March 2024

132 Güntner dry coolers for Red Sea project

SAUDI ARABIA: German manufacturer Güntner has supplied 132 dry coolers, each with 18 fans, to a 32,500TR district cooling project in Saudi Arabia.
17th March 2024

NZ professor brings fridge workshops to UK

UK: Don Cleland, a professor of process engineering at Massey University in New Zealand, is hosting a series of refrigeration workshops in London this summer.