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Japan Daikin to buy U.S. Goodman Global for $3.8 bln
August 29, 2012 / 7:20 AM / in 5 years

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

OSAKA, Japan, Aug 29 (Reuters) - Japan’s Daikin Industries Ltd said on Wednesday it will pay 296 billion yen ($3.77 billion) to acquire U.S. firm Goodman Global Inc 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.

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