Majority stake Announced May 2006 Verified
Daikin Industries to acquire O.Y.L. Industries (owner of McQuay International)
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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.