Daikin to acquire AHT Group from Bridgepoint

Daikin Industries has agreed to acquire AHT Group, a leading European commercial refrigeration manufacturer, from private equity firm Bridgepoint for 881 million euros. The deal is expected to close in January 2019 and aims to expand Daikin's cold chain product portfolio.

“Daikin Industries, Ltd. (Headquarters: Osaka, Japan; President and CEO: Masanori Togawa) has reached an agreement for the acquisition of AHT Group (Headquarters: Austria), a leading company in the commercial refrigeration market in Europe. The transaction value is 881 million euros (114.5 billion yen at an exchange rate of 1 euro = 130 yen). Through its subsidiary Daikin Europe N.V., (Headquarters: Belgium, President: Masatsugu Minaka), Daikin will obtain all company shares from Bridgepoint (Headquarters: United Kingdom), the Private Equity shareholder of AHT Group. Completion of the acquisition is planned for January 2019 after conclusion of all necessary procedures.”

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