Daikin acquires AHT Group

Austrian cooling technology specialist AHT Cooling Systems GmbH, headquartered in Rottenmann / Styria, hereby announces the contractually sealed acquisition by Daikin Europe N.V., a subsidiary of Japanese Daikin Industries, Ltd.

The finalization of the acquisition is scheduled for January 2019 after completion of all necessary processes. The AHT Group has been owned by Bridgepoint Capital since November 2013.
Headquartered in Osaka, Japan, Daikin is recognized as the global leader in air-conditioning technology with 70,000 employees and sales of USD 17 billion (2017) in more than 150 countries.

Under the backings of the Daikin Group, the growth and technology company AHT will continue the successful course and, thanks to significant synergies in the product portfolio and its global presence, the company will be able to expand significantly.

With a turnover of around EUR 500 million, AHT is the world's leading manufacturer of commercial plug-in refrigeration and freezing systems and has been supplying all major supermarket and discount chains as well as ice cream and beverage manufacturers for more than 35 years with an innovative and ecologically beneficial product range.

The globally active AHT Group employs more than 1,800 people and operates four production branches in Austria, China, Brazil and the USA, twelve sales and service branches and its own business unit for R&D and innovation.

"We are delighted to continue expanding our leadership in the refrigeration industry as part of the prestigious Daikin Group and to provide our customers with high quality and sustainable refrigeration solutions from a single source. Our values and business ideas complement each other perfectly, so that together we can look forward to the future with great confidence for our customers, employees, partners and suppliers. "(Frank Elsen, CEO AHT Group)

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