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Majority stake Announced Jun 2006

Daikin Industries to acquire O.Y.L. Industries (owner of McQuay International)

Relationship map

Relationship map for Daikin Industries to acquire O.Y.L. Industries (owner of McQuay International)parent ofDaikin Industries Ltd.: PlatformDaikin Industries Ltd.Daikin AC (Americas) Inc.: Operating CompanyDADaikin AC (Americas) …
Operating CompanyPlatform

Parties

Acquirer
Daikin Industries Ltd.
Platform
Target
Daikin AC (Americas) Inc.
Operating Company

Market signals

Summary

Daikin Industries announced it is acquiring Malaysia-based O.Y.L. Industries Bhd, which owns U.S.-based McQuay International, to enter the North American applied-HVAC market and target the No. 1 global position; O.Y.L. will operate as a consolidated subsidiary of Daikin.