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Business deals

Daikin to buy European refrigerator maker in $885m deal

Japanese air conditioning company taps AHT Cooling's global customer base

Daikin aims to cultivate refrigerators into a key operation as the market for air conditioners matures in developed nations. (Photo by Kento Awashima)

OSAKA -- Daikin Industries will acquire European manufacturer AHT Cooling Systems for a little more than 100 billion yen ($885 million), Nikkei has learned, making the Japanese company a global player in the commercial refrigeration business.

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