Daikin buys Norwegian distributor

BELGIUM/NORWAY: Daikin Europe’s distributor purchases continue with news that it has acquired 100% of the shares of its Norwegian distributor, Friganor AS.

Based in Oslo, Friganor has been an official sole importer of Daikin products to Norway since 1986. In that time, the company has developed a strong dealer network with full coverage of Norway.

“Bringing such a valued partner into the Daikin Family gives me great pride,” commented Toshitaka Tsubouchi, vice president of Daikin Europe NV.  “It is an important step for Daikin in further strengthening our Scandinavian business base. To be able to do this by building further on the expertise and know-how of Friganor’s people inspires us,” he added.

Proud of the company’s 30 years as Daikin’s sole supplier in Norway, Friganor MD Fredrik Engh said; “We have built a team of highly skilled employees and Friganor has earned a reputation as a professional company with high technical competence. As a family owned distributor, we do however see that there are some limitations to further expansion.”

Earlier this month, Daikin announced the purchase of the cooling business assets of its Finnish distributor Recair Oy.

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BELGIUM/FINLAND:  Daikin Europe has entered into an asset purchase agreement to acquire the cooling business of its Finnish distributor Recair Oy. Read more…