OSAKA, JAPAN and PISCATAWAY, NJ — Daikin Industries Ltd. and American Standard Companies Inc. have announced that Daikin’s Air Conditioning Division and Trane, American Standard’s Air Conditioning Division, have agreed to form a comprehensive global strategic alliance to source and sell each other’s products.

“This alliance will significantly expand Trane’s global business and the products we provide customers in all our markets, without substantial investment in new product development and manufacturing,” said Fred Poses, American Standard chairman and chief executive officer. “We have a longstanding relationship with Daikin and believe our complementary strengths will make this partnership the most successful in the industry.”

As part of the alliance, Daikin will contribute its development and manufacturing in the ductless residential and commercial products, while outside the U.S., Trane will contribute its development and manufacturing in applied and ducted unitary systems.