Latest Acquisition Helps Daikin Expand Its Commercial Refrigeration Business
Daikin Industries Ltd. has reached an agreement for the acquisition of Austria-based AHT Group, a commercial refrigeration company in Europe. Completion of the acquisition is planned for January 2019.
In the strategic management plan "Fusion 20," Daikin has established priority measures to expand its commercial refrigeration business and capitalize on environmental regulations relating to energy savings and refrigerants. In Europe, the company has been selling highly efficient refrigeration and freezing systems for supermarkets and convenience stores since 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. AHT develops, manufactures, and sells refrigerating and freezing showcases specifically suited for food retailers.