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Majority stake Announced Jun 2017

Daikin acquires Australian HVAC service company Airmaster for ~A$100M

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Relationship map for Daikin acquires Australian HVAC service company Airmaster for ~A$100Mparent ofDaikin Industries Ltd.: PlatformDaikin Industries Ltd.Airmaster Corporation Pty Ltd.: Operating CompanyAirmaster Corporation…
Operating CompanyPlatform

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Acquirer
Daikin Industries Ltd.
Platform
Target
Airmaster Corporation Pty Ltd.
Operating Company

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Summary

Daikin Industries, via Daikin Australia, agreed to acquire Airmaster Corporation, a leading Australian air conditioning service and maintenance company, for A$100 million, buying all shares from Airmaster's executives to expand its service and solutions business.

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