Daikin Buys Indian AHU Manufacturer

Daikin Airconditioning India has acquired 100% of shares in Citizen Industries, a leading Indian manufacturer of air handling units (AHUs), headquartered in Ahmedabad in West India. Citizen manufactures AHUs at a 5,000-m2 plant in Ahmedabad and operates a second plant in Bengaluru in South India. It produces around 25,000 AHUs per year, with sales value of approximately INR 1.08 billion (US$ 15 million).