M&A Deal Summary

Daikin Acquires ThermalNetics

On January 12, 2022, Daikin acquired machinery company ThermalNetics

Acquisition Highlights
  • This is Daikin’s 3rd transaction in the Machinery sector.
  • This is Daikin’s 5th transaction in the United States.
  • This is Daikin’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-01-12
Target ThermalNetics
Sector Machinery
Buyer(s) Daikin
Deal Type Add-on Acquisition

Target

ThermalNetics

Auburn Hills, Michigan, United States
website
ThermalNetics is the major edge of energy recovery and environmentally responsible heating and cooling. ThermalNetics specialize in systems that do more than move air around our suite of innovative products allows us to improve the quality of the air you breathe. ThermalNetics was founded in 1972 and is headquartered in Auburn Hills, Michigan.

Search 191,543 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Daikin

Osaka, Japan

website


Category Company
Founded 1924
Sector Manufacturing
Employees88,698
Revenue 3,109.1B JPY (2022)
DESCRIPTION

Daikin is a leading innovator and provider of advanced, high-quality air conditioning solutions for residential, commercial, and industrial applications. Daikin was founded in 1924 and is based in Osaka, Japan.


DEAL STATS #
Overall 9 of 10
Sector (Machinery) 3 of 4
Type (Add-on Acquisition) 7 of 8
State (Michigan) 1 of 1
Country (United States) 5 of 5
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 TriState HVAC

West Conshohocken, Pennsylvania, United States

TriState HVAC Equipment is a multi-manufacturer representative in the Philadelphia market. It delivers technology and support to organizations across the eastern portion of Pennsylvania, as well as southern New Jersey. TriState HVAC is headquartered in West Conshohocken, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Duplomatic

Parabiago, Italy

Duplomatic is a producer of hydraulic valves, pumps, and oil-pressure activated systems which are mainly utilised in industrial applications for industries such as energy, machine tools, construction machineries, rubber and wood industry as well as naval and agricultural industry. Duplomatic was established in 1952 and is based in Parabiago, Italy.

Buy €220M