Daikin Industries to acquire ABCO HVACR Supply + Solutions.

Daikin Industries, a heating, ventilating and air conditioning, or HVAC, company, agreed to acquire ABCO HVACR Supply + Solutions, a distributor of HVAC and refrigeration systems and supplies. Financial terms were not disclosed. “The strategic alignment with ABCO provides a dynamic foothold for Daikin in the Northeast where ABCO is a leading distributor of a broad range of HVAC products from residential to industrial. We believe that Daikin’s portfolio offers a perfect fit to support the existing and future potential of ABCO distribution. Our vision for Daikin is to become North America’s leading indoor comfort solutions provider, and the acquisition of ABCO is a key, strategic milestone for Daikin in our continued effort to achieve our North American vision," Takayuki Inoue, Daikin Executive Vice President and Chief Sales and Marketing Officer.