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Daikin to buy US manufacturer Goodman

JAPAN: Air conditioning manufacturer Daikin is set to acquire US manufacturer Goodman Global today (Wednesday) according to sources in Japan.
Daikin is expected to offer $3.8bn for Goodman, the second largest manufacturer of residential and light commercial hvac products in the US, and is predicted to make Daikin the world's largest air conditioning manufacturer.

Marketed under the Goodman and Amana brands, Goodman's products sell throughout North America via more than 700 distribution points

Negotiations were said to have started in 2010, with Daikin chief executive Noriyuki Inoue confirming that it was considering a bid in January 2011. However, any proposed bid was put on hold following the financial uncertainties created by the Japanese earthquake in March 2011.

Goodman is currently owned by San Francisco-based private equity firm Hellman & Friedman, which bought Goodman in October 2007 for $2.65bn, including debt.

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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