# Daikin acquires Citizen Industries' Bengaluru facility for Rs 125 crore

Daikin Air conditioning India Private Limited acquired Citizen Industries Limited's manufacturing facility in Bengaluru for Rs 125 crore, including a 100% shareholding in Citizen. The deal aims to strengthen Daikin's position in the commercial air-conditioning segment in India.

- Type: Acquisition
- Announced: 2020-12-22
- Where: Bengaluru, India
- Value: $16.9M (1.25B INR)
- Status: completed
- Products: air-handling units, fan coil units, HVAC coils
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Air-conditioning India](https://endata.com/companies/8911.md) (acquirer)
- [Citizen Industries](https://endata.com/companies/52029.md) (target)

## Sources

- [legaleraonline.com](https://www.legaleraonline.com/within-the-circle/dsk-legal-helms-citizen-industries-sell-its-bengaluru-facility-to-daikin-705059), 2020-12-22: "The deal worth Rs 125 crore will enable Japanese air-conditioning major increase its footprint in the commercial air-conditioning segment and offer a complete solution in India"

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