DAIKIN ACQUIRED AHT GROUP
NEWS – Daikin announced the acquisition of AHT Group.
Daikin Industries Ltd. has reached an agreement for the acquisition of the AHT Group, a leading company in the commercial refrigeration market in Europe.
With a turnover of around 500 million Euros, AHT is the world’s leading manufacturer of commercial plug-in refrigeration and freezing systems and has been supplying all major supermarket and discount chains as well as ice cream and beverage manufacturers for more than 35 years with an innovative and ecologically beneficial product range.
With 881 million Euros transaction value, the acquisition finalized in January 2019 which allows Daikin to obtain all company shares from Bridgepoint, the Private Equity shareholder of AHT Group.
Daikin has established strategic priority measures to expand its commercial refrigeration business, and capitalize on environmental regulations relating to energy savings and refrigerants. In 2016, Daikin has acquired Italian commercial refrigeration manufacturer, Zanotti for the same strategic purpose.