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Majority stake Announced May 2016 Verified

Daikin to acquire Italian commercial refrigeration maker Zanotti for EUR98M

Relationship map

Relationship map for Daikin to acquire Italian commercial refrigeration maker Zanotti for EUR98Mparent ofDaikin Industries Ltd.: PlatformDIDaikin Industries Ltd.Zanotti S.p.A.: Operating CompanyZanotti S.p.A.
Operating CompanyPlatform

Parties
Acquirer
Daikin Industries Ltd.
Platform
Target
Zanotti S.p.A.
Operating Company

Market signals

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.