Daikin acquires AHT

Daikin has announced the acquisition of Austrian commercial refrigeration firm AHT Cooling Systems for €881m (JPY 114.5 bn).

By Andrew Williams

In another sign of its interest in the natural refrigerants sector, Japanese multinational air-conditioning giant Daikin has announced the acquisition of Austrian commercial refrigeration firm AHT Cooling Systems for €881m (JPY 114.5 bn).

Daikin — the world’s largest manufacturer of air conditioning equipment — expects to complete the acquisition in January 2019. The Japanese firm said the deal would enable it to, “propose total systems that cover the entire cold chain,” while also expanding its refrigeration business in the United States and Asia.

Having opted for propane in the 1990s, AHT Cooling Systems GmbH remains committed to this natural refrigerant as a means of reducing the energy consumption and environmental impact of its refrigerated and frozen food display cabinets.

AHT already has over one million propane-based cabinets operating in the market worldwide. “We think propane is the best solution on the market for supermarket units,” Reinhold Resch, the firm’s vice-president (R&D), told this website in an exclusive interview last year.

In February, Daikin Europe NV acquired Spanish CO2 system developer Tewis. Daikin acquired Zanotti, the Italian air-conditioner manufacturer, in 2016.

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