HVAC Breaking News

May 22, 2006: Daikin Acquires O.Y.L. Industries

May 22, 2006
/ Print / Reprints /
/ Text Size+
CARROLLTON, Texas - Daikin AC (Americas) Inc. announced that parent company Daikin Industries Ltd. will acquire O.Y.L. Industries Bhd, a Malaysian-based global HVAC company that owns United States-based McQuay International. Through this move, Daikin says it will continue to target the number one position in the global HVAC market.

"When we learned of this new relationship we immediately saw it as a win for Daikin and O.Y.L., but more importantly, for meeting the consumer, commercial, and industrial demand for energy efficient, cost-effective HVAC systems," said Yoshinobu Inoue, president of Daikin AC (Americas) Inc. "Our combined expertise will further a 'total business solution' advancement enhancing efficiency, and ultimately, profitability."

According to the company, the acquisition will give Daikin full-fledged entry into the North America market, which it entered last year. "This partnership will enable both Daikin and McQuay to serve its customers better," said Inoue. "The combination of Daikin's higher-end products with McQuay's applied business foundation will expand opportunities for the entire industry in 2006 and beyond."

After completion of the acquisition, O.Y.L. will continue its operations as a consolidated subsidiary of Daikin. A joint committee between both parties will be created to study how best to maximize the acquisition synergies.

For more information, visit www.daikinac.com.

Publication date: 05/22/2006

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con