Majority stake Announced May 2016
Daikin to acquire Italian commercial refrigeration maker Zanotti for EUR98M
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Summary
Daikin Industries, via Daikin Europe N.V., announced it will acquire all shares of Italian commercial refrigeration manufacturer Zanotti S.p.A. for 98 million euros to expand its European commercial refrigerator/freezer business, with closing expected by end of June 2016.