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Add-on acquisition · Closed Feb 2018

Daikin (via Zanotti) acquires Spanish refrigeration firm Tewis Smart Systems

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Relationship map for Daikin (via Zanotti) acquires Spanish refrigeration firm Tewis Smart Systemsparent ofDaikin Industries Ltd.: PlatformDaikin Industries Ltd.Tewis Smart Systems: Operating CompanyTewis Smart Systems
Operating CompanyPlatform

Parties

Acquirer
Daikin Industries Ltd.
Platform
Target
Tewis Smart Systems
Operating Company

Market signals

Summary

Daikin Europe, through its subsidiary Zanotti S.p.A., closed an agreement to acquire all shares of Tewis Smart Systems, a leading Spanish refrigeration solutions company, to strengthen its retail food sector refrigeration offering.

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