Daikin acquires Australian HVAC service company Airmaster for ~A$100M

Daikin Industries, via Daikin Australia, agreed to acquire Airmaster Corporation, a leading Australian air conditioning service and maintenance company, for A$100 million, buying all shares from Airmaster's executives to expand its service and solutions business.

“Daikin Industries, Ltd., through its subsidiary Daikin Australia Pty., Ltd., concluded an agreement on June 21 to acquire Airmaster Corporation Pty Ltd., a leading company in Australia in the business fields of service and solutions for air conditioning equipment. Daikin plans to purchase all company shares held by Airmaster's executives at an acquisition price of 100 million Australian dollars (\*approximately 8 billion Japanese yen).”

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