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Majority stake Announced May 2016

Daikin to acquire Italian commercial refrigeration maker Zanotti for EUR98M

Relationship map

Relationship map for Daikin to acquire Italian commercial refrigeration maker Zanotti for EUR98Mparent ofDaikin Europe N.V.: Operating CompanyDaikin Europe N.V.Zanotti S.p.A.: Operating CompanyZSZanotti S.p.A.
Operating Company

Parties
Acquirer
Daikin Europe N.V.
Operating Company
Target
Zanotti S.p.A.
Operating Company

Summary

Daikin Industries, via Daikin Europe N.V., announced it will acquire all shares of Italian commercial refrigeration manufacturer Zanotti S.p.A. for 98 million euros to expand its European commercial refrigerator/freezer business, with closing expected by end of June 2016.