Majority stake Announced Nov 2015 Closed Nov 2015 Verified
Daikin Applied Acquires Minority Stake in Riptide IO
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Summary
Daikin Applied Americas announced it is acquiring a minority ownership stake in Riptide IO, a cloud-based building automation software company. The investment deepens an existing strategic partnership and aims to expand Daikin's intelligent equipment and IoT capabilities for commercial buildings.