# Daikin acquires air handling unit business of Citizen Industries

Daikin Airconditioning India has acquired the air handling business of Ahmedabad-based Citizen Industries, a deal estimated at Rs 100-125 crore. The acquisition includes manufacturing units in Ahmedabad and Bengaluru and around 650 employees.

- Type: Acquisition
- Announced: 2020-12-20
- Where: Ahmedabad and Bengaluru, India, India
- Value: $1.52M (112.5M INR)
- Jobs: 650
- Status: announced
- Products: air handling units, commercial air-conditioning systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Airconditioning India](https://endata.com/companies/31733.md) (acquirer)
- [Citizen Industries](https://endata.com/companies/52029.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/daikin-acquires-air-handling-unit-business-of-citizen-industries/articleshow/79821781.cms), 2020-12-20: "This will have a synergy with our existing product sales."

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