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Majority stake Announced May 2006 Verified

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.McQuay International: PlatformMIMcQuay International
Platform

Parties

Acquirer
Daikin Industries Ltd.
Platform
Target
McQuay International
Platform

Market signals

Summary

Daikin Industries Ltd., parent of Daikin AC (Americas), announced it will acquire Malaysia-based global HVAC company O.Y.L. Industries Bhd, which owns U.S.-based McQuay International; O.Y.L. will become a consolidated subsidiary of Daikin.