OSAKA, Japan — Daikin Industries Ltd. announced that it has completed its acquisition of Goodman Global Group Inc., which was originally announced on Aug. 29, 2012, for a purchase price of $3.7 billion, including the refinancing of Goodman’s existing indebtedness. Daikin said it has obtained all the necessary regulatory approvals from relevant authorities.
Daikin said that, by combining its state-of-the-art technology with the air conditioners of Goodman, it plans to use this acquisition to launch advanced environmentally-friendly products in the United States residential and commercial HVAC markets. In doing so, the company hopes to initiate a new wave of growth that sustains both business expansion and contributes to the environment.