# Daikin acquires Australian HVAC services company Airmaster for AUD 100 million

Daikin Industries, through its subsidiary Daikin Australia, agreed on 21 June 2017 to acquire all shares of Airmaster Corporation Pty Ltd for AUD 100 million (approx. JPY 8 billion). Airmaster will continue as an independent brand.

- Type: Acquisition
- Announced: 2017-06-21
- Where: Australia
- Value: $76.0M (100.0M AUD)
- Status: announced
- Products: HVAC systems, air conditioning services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Industries](https://endata.com/companies/6523.md) (acquirer)
- [Airmaster](https://endata.com/companies/25065.md) (target)
- [Daikin Australia](https://endata.com/companies/25546.md) (acquirer)

## Sources

- [trenden.ru](https://trenden.ru/news/news2017/kompaniya-daikin-priobretaet-avstralijskuyu-kompaniyu-airmaster/), 2017-07-12: "Заключение этого соглашения с Daikin имеет смысл для обеих компаний."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.