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."