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Business

Daikin broadening air filter footprint in the West

Japanese multinational acquiring pair of companies in Europe, US

An air filter plant in Slovakia run a subsidiary of Japan's Daikin Industries.

OSAKA -- Japanese air conditioner maker Daikin Industries has acquired a Swedish air filter maker and is closing in on a U.S. supplier of the product in a move to seize on the rising demand for higher air quality, especially in Western markets.

In November, Daikin purchased all shares of Sweden's Dinair owned by the founders, investment funds and other shareholders. The Japanese group is also busy negotiating a buyout of an unnamed air filter vendor in California, which could take place next month. Daikin will spend close to 10 billion yen ($85.4 million) overall on the acquisitions.

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