Daikin and Copeland formed a joint venture.

Daikin, a global manufacturer of HVAC&R systems, and Copeland, a global sustainable heating, cooling, cold chain and industrial solutions company, formed a joint venture. Financial terms were not disclosed. “In this joint venture, Daikin will play a pivotal role in the design and production of inverter swing rotary compressors. By combining Copeland's sales and service capabilities, we aim to supply inverter swing rotary compressors to the U.S. residential HVAC market, striving to make inverters widely available across the entire market,” said Masanori Togawa, Daikin Industries Chairman and CEO.