Japan Daikin to buy U.S. Goodman Global for $3.8 billion

OSAKA, Japan Wed Aug 29, 2012 3:17am EDT

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OSAKA, Japan (Reuters) - Japan's Daikin Industries Ltd (6367.T) said on Wednesday it will pay 296 billion yen ($3.77 billion) to acquire U.S. firm Goodman Global Inc HELLFG.UL from private equity firm Hellman & Friedman.

Daikin expects to complete the deal for the U.S. heating, ventilation and air-conditioning maker between October and December 2012.

It sees a synergy effect from the purchase of 24 billion yen in three years. ($1 = 78.5000 Japanese yen) (Reporting by Yoshiyuki Osada, Writing by James Topham; Editing by Michael Watson)

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