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Daikin has announced the acquisition of Austrian commercial refrigeration firm AHT Cooling Systems for €881m (JPY 114.5 bn).

The acquisition will be completed in early 2019 and will expand Daikin's refrigeration business.

AHT Cooling Systems provides highly-efficient refrigeration and freezing systems for supermarkets and convenience stores and is committed to natural refrigerants.

The acquisition will solidify Daikin’s presence in Europe and provide a launching pad to expand its refrigeration sales in the United States and Asia.

In 2016, Daikin acquired Italian commercial refrigeration manufacturer, Zanotti, extending its business to industrial refrigeration equipment for food processing and warehouse storage.

These acquisitions will enable Daikin to become a one-stop provider of both air conditioning and refrigeration products covering the entire cold chain from food product management to the climate comfort of stores to eventually become a leading provider of equipment to major food retailers.

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