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Goodman Global to be acquired for $3.7bn by Daikin

Daikin to acquire Goodman for $3.7bn – FT.com »
Daikin, the Osaka-based air conditioner maker, is to acquire US rival Goodman Global for $3.7bn, adding to this year’s record tally of Japanese outbound deals. Goodman is currently owned by San Franci….

Japanese air-conditioner maker Daikin appears to be looking to expand it share in the US marker and has agreed a deal to buy US rival Goodman Global for $3.7bn (£2.3bn).

A Daikin press statement:
“Goodman has a significant presence in the ducted-style residential unitary HVAC segment in North America, a segment where Daikin has little offerings. Goodman generates strong financial performance through its low cost US manufacturing operations and extensive network of over 900 distribution points, of which 192 are company operated.”

 

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