Citizen Industries

Activity by year

2020202120222023202420252026

Acquisition

Dec 22, 2020ACQUISITIONBengaluru, India$16.9M
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.
Daikin Air-conditioning India acquirer Citizen Industries target #HVAC and Industrial Refrigeration legaleraonline.com
Dec 20, 2020ACQUISITIONAhmedabad and Bengaluru, India, India$1.52M650 jobs
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.
Daikin Airconditioning India acquirer Citizen Industries target #HVAC and Industrial Refrigeration timesofindia.indiatimes.com

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