Daikin to acquire Italian commercial refrigeration maker Zanotti for 98M euros

Daikin Industries, via Daikin Europe N.V., announced it will acquire Zanotti S.p.A., an Italian commercial refrigerator and freezer manufacturer, for 98 million euros to expand its European cold-chain business. Manufacturer-tier deal.

“Daikin Industries Ltd., through its subsidiary Daikin Europe N.V., announced it will acquire Zanotti S.p.A., an Italian manufacturer of commercial refrigerators and freezers. The acquisition price is 98 million euros (12.3 billion yen) for which Daikin will obtain all company shares from the asset management company owned by Zanotti executive officers.”

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