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New Deal


Announced

Completed

Daikin completed the acquisition of Robert Heath Heating.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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heating services

Completed

Single Bidder

Acquisition

Cross Border

United Kingdom

Friendly

Majority

Private

Specialty Contracting

Synopsis

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Daikin, a provider of heating, cooling, ventilation, air purification and refrigeration technology for residential, commercial and industrial purposes, completed the acquisition of Robert Heath Heating, a heating service company. Financial terms were not disclosed. “Daikin is already the UK’s leading provider of heating and cooling in the residential, commercial and industrial markets. Daikin UK’s acquisition of Robert Heath Heating reinforces our organisation and is intended to assure after-sales support capacity in view of the increasing number of customers who install our residential heat pumps. The acquisition will fuel growth and opportunities for both organisations, and ensure excellent levels of customer service and satisfaction,” Hiroyasu Ishikawa, Daikin UK Managing Director.

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