DECATUR, AL (WAFF) - Daikin Industries, Ltd announced Wednesday that it would be acquiring Goodman Global Group, Inc.
Daikin is a leader in commercial and industrial air conditioning and the acquisition would bring together strong players in the heating, ventilation and air conditioning marketplace.
"Goodman is the best North American partner for Daikin as we aim to reinforce our position as the leading global HVAC manufacturer. Goodman's market leading ducted product offering and extensive distribution network in the largest HVAC market in the world is complementary to Daikin's existing products and distribution channels," said Inoue, the Chairman and CEO of Daikin Industries.
The acquisition was a $3.7 billion agreement.