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M&A Deal Summary

Daikin Acquires Zanotti

On April 28, 2016, Daikin acquired machinery company Zanotti for 98M EUR

Acquisition Highlights
  • This is Daikin’s 2nd transaction in the Machinery sector.
  • This is Daikin’s 5th largest (disclosed) transaction.
  • This is Daikin’s 1st transaction in Italy.

M&A Deal Summary
Date 2016-04-28
Target Zanotti
Sector Machinery
Buyer(s) Daikin
Deal Type Add-on Acquisition
Deal Value 98M EUR

Target

Zanotti

Pegognaga, Italy
Zanotti S.p.A. is a designer, manufacturer and sale of commercial use refrigerator and freezer equipment and other related products devices.

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Buyer(S) 1

Buyer

Daikin

Osaka, Japan
Category Company
Founded 1924
Sector Manufacturing
Employees98,162
Revenue 4.40T JPY (2024)
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 STATS #
Overall 4 of 10
Sector (Machinery) 2 of 4
Type (Add-on Acquisition) 3 of 8
Country (Italy) 1 of 2
Year (2016) 2 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Flanders

Washington, North Carolina, United States

Flanders Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of air filters and related products.

Buy $430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Daikin Air Conditioning Egypt

Cairo, Egypt

Daikin Air Conditioning Egypt is an exclusive distributor of Daikin’s products such as VRV systems, split/multi split units, air to water heat pump systems, heating systems, air purifiers, air cooled chillers and marine HVAC in Egypt. Daikin Air Conditioning Egypt was formed in 2016 and is based in Cairo, Egypt.

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