Divestiture • Machinery

Daikin Acquires Nippon Muki Co.

On August 26, 2009, Daikin acquired machinery company Nippon Muki Co. from Nippon Sheet Glass for 5.0B JPY

Acquisition Context
  • This is Daikin’s 1st transaction in the Machinery sector.
  • This is Daikin’s 5th largest (disclosed) transaction.
  • This is Daikin’s 1st transaction in Japan.

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M&A Deal Summary

Date August 26, 2009
Target Nippon Muki Co.
Sector Machinery
Buyer(s) Daikin
Sellers(s) Nippon Sheet Glass
Deal Type Divestiture
Deal Value 5.0B JPY

Target Company

Nippon Muki Co.

Tokyo, Japan
Nippon Muki Co., Ltd. is a developer and manufacturer of air filters.
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Buyer Overview 1

Buyer

Daikin

Osaka, Japan

Category Company
Founded 1924
Sector Manufacturing
Employees103,544
Revenue 4.75T JPY (2025)
DESCRIPTION

Daikin is an 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 Context for Buyer #
Overall 1 of 10
Sector: Machinery 1 of 4
Type: Divestiture 1 of 1
Country: Japan 1 of 1
Year: 2009 1 of 1
Size (of disclosed) 5 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-29 Goodman Global

Houston, Texas, United States

Goodman Global, Inc. is the largest domestic unit manufacturer of heating, ventilation and air conditioning products for residential and light-commercial use.

Buy $3.7B

Seller Profile 1

SELLER

Nippon Sheet Glass

Tokyo, Japan

Category Company
Founded 1918
Sector Manufacturing
Employees25,406
Revenue 840.4B JPY (2025)
DESCRIPTION

Nippon Sheet Glass is a manufacturer of high-performance glass and glazing solutions, contributing to energy conservation and generation, working safely and ethically. Nippon Sheet Glass was founded in 1918 and is based in Tokyo, Japan.


Deal Context for Seller #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
Country: Japan 1 of 1
Year: 2009 1 of 1

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