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Daikin promises US advanced products after completing Goodman purchase

USA: Daikin says it intends to launch advanced environmentally-friendly products onto the US residential and commercial hvac markets following the completion of its purchase of Goodman Global yesterday.
The $3.7bn acquisition, which was announced at the end of August, also intends to use and incorporate Goodman's lean management know-how to improve competitiveness in its high-volume markets and across the world. Goodman's sales last year were $2.1bn. The deal also included the refinancing of Goodman's existing debts, reported to have been around $1.4bn.

Following the deal's clearance by the relevant authorities, Daikin says it has begun formulating and implementing concrete action plans to grow and develop both companies.

Daikin first made enquiries about acquiring Goodman in 2010. Daikin chief executive Noriyuki Inoue confirmed that his company was considering a bid in January 2011 but the move was put on hold following the financial uncertainties created by the Japanese earthquake in March 2011.

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
ACR News

Plenitude and Modine to build PV plant

Plenitude, a renewable energy production business, and Modine have signed an agreement for the construction of a new solar power plant in Pocenia (Udine). With an installed capacity of 1.585 MWp, the plant is expected to generate approximately 1.8 ...

  27-Jun-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
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