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Daikin Industries Ltd (6367.T)

6367.T on Tokyo Stock Exchange

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Mon, Nov 26 2018

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Japan's Daikin to buy Austria's AHT Cooling for $1 billion

TOKYO Japan's Daikin Industries Ltd said on Monday it would buy Austria-based AHT Cooling Systems for 881 million euros ($1 billion) as it seeks global growth outside the maturing air-conditioning business in the developed world.

UPDATE 1-Japan's Daikin to buy Austria's AHT Cooling for $1 bln

* Daikin shares end up 3.2 pct (Updates with announcement, background on Daikin's global expansion)

Japan's Daikin to buy Austria's AHT Cooling for about $885 mln

TOKYO, Nov 26 Japan's Daikin Industries Ltd said on Monday it plans to buy Austria-based AHT Cooling Systems for slightly more than 100 billion yen ($885 million), confirming a report in the Nikkei business daily.

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