What has been long rumored in the HVAC industry became official as Daikin Industries signed a definitive agreement to acquire Goodman Global Group for $3.7 billion.
The companies hope the agreement will give the Japanese company even more of a presence in North America. They also believe it will allow Daikin to enter the mainstream ducted residential unitary segment and also grow their ductless business in North America by gaining access to Goodman’s distribution network. Goodman has a network of over 900 distribution points, of which 192 are company operated.