ACR-News

 

Daikin completes OYL deal

Daikin has finally completed the acquisition of OYL. The total purchase price was Yen243.8bn, or a little over £1bn.
The purchase was first announced last May when Daikin bought out the 40% stake of the largest shareholder Hong Leong, and the 5.2% stake held by Liu Wan Min, president and CEO of OYL.

Daikin took its OYL shareholding up to 99.3% under its subsequent mandatory general offer and compulsory acquisition was commenced on November 24, 2006 to acquire the remaining 0.7% shares from minority shareholders.

The acquisition now brings OYL companies McQuay, J&E Hall and AAF into the Daikin fold and makes Daikin the second largest air conditioning manufacturer in the world.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Humidity blossoms at Chelsea Physic Garden

Chelsea Physic Garden has recently installed a Condair ML high-pressure spray humidifier to maintain the perfect atmosphere for horticultural success in its restored Victorian glasshouses....

  15-Jul-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
https://www.acr-news.com/daikin-completes-oyl-deal