JAPAN: Daikin has confirmed the completion of its acquisition of Austrian commercial refrigeration company AHT.
The acquisition of all equity interest for AHT has been completed through the Japanese air conditioning manufacturer’s subsidiary Daikin Europe NV. The acquisition price was €579m.
The deal, first announced in November, sees Daikin expanding on its European sales of refrigeration and freezing systems for supermarkets and convenience stores which it began in 2000. In 2016, Daikin acquired Italian commercial refrigeration manufacturer Zanotti, extending its business to industrial refrigeration equipment for food processing and warehouse storage in addition to refrigeration equipment used in shipping such as marine containers and overland trucks and vans.