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Majority stake · Closed Feb 2019 Verified

Daikin to acquire Italian commercial refrigeration maker Zanotti for 98M euros

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Relationship map for Daikin to acquire Italian commercial refrigeration maker Zanotti for 98M eurosparent ofDaikin Industries Ltd.: PlatformDaikin Industries Ltd.Daikin Europe N.V.: Operating CompanyDaikin Europe N.V.
Operating CompanyPlatform

Parties

Acquirer
Daikin Industries Ltd.
Platform
Target
Daikin Europe N.V.
Operating Company

Market signals

Summary

Daikin Industries, via Daikin Europe N.V., announced it will acquire Zanotti S.p.A., an Italian commercial refrigerator and freezer manufacturer, for 98 million euros to expand its European cold-chain business. Manufacturer-tier deal.

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