# Daikin Europe acquires Spanish refrigeration company Tewis Smart Systems

Daikin Europe N.V., through its subsidiary Zanotti S.p.A., acquired all shares of Tewis Smart Systems S.L., a Spanish provider of standard and customized refrigeration solutions, on February 7, 2018. The deal strengthens Daikin's position in the refrigeration market.

- Type: Acquisition
- Announced: 2018-02-07
- Where: Ribarroja, Valencia, Spain
- Status: completed
- Products: refrigeration systems, CO2 refrigeration systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin](https://endata.com/companies/10434.md) (acquirer)
- [Daikin Europe N.V.](https://endata.com/companies/15475.md) (acquirer)
- [Zanotti S.p.A.](https://endata.com/companies/29907.md) (acquirer)
- [Tewis Smart Systems S.L.](https://endata.com/companies/29908.md) (target)
- [Tewis](https://endata.com/companies/29973.md) (target)

## Sources

- [daikinmea.com](https://www.daikinmea.com/en_us/press-releases/daikin-acquires-spanish-company-tewis-smart-systems-s-l-.html), 2018-02-07: "Daikin Europe N.V., through its subsidiary Zanotti S.p.A., concluded an agreement on the 7th of February 2018 to acquire Tewis Smart Systems S.L."
- [expansion.com](https://www.expansion.com/valencia/2018/02/08/5a7ca79f46163f4a518b45a5.html), 2018-02-08: "Daikin, que ha realizado la operación a través de su filial Zanotti, conoce de sobra a Tewis y a su fundador y director general, Carlos Momplet, ya que desde 2012 son socios en su filial tecnológica Zanotti Smart Solutions."
- [acrlatinoamerica.com](https://www.acrlatinoamerica.com/en/news/latest-news/348-enterprises/14852-daikin-acquires-spanish-refrigeration-solutions-company.html), 2018-02-20: "Thanks to this acquisition, Daikin, through its subsidiary Zanotti, takes another important step to consolidate its position in the refrigeration market."

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