Daikin Applied majority invests in Varitec Solutions to enhance comprehensive HVAC technology and services
Acquiring Company
Daikin Applied
Acquired Company
Varitec Solutions
MinneapolisPhoenixManufacturingEnergyConstructionBuilding MaintenanceDescription
Daikin Applied has made a majority investment in Varitec Solutions, the Phoenix-based leader in designing, developing, and installing large-scale, energy-efficient HVAC systems for commercial buildings. This strategic move is aimed at combining capabilities to provide customers with end-to-end solutions and address today's evolving needs in the HVAC industry.
Quick answer
Daikin Applied is acquiring Varitec Solutions, announced October 8, 2024. Daikin Applied is based in Minneapolis, Minnesota, United States.
- How much did Daikin Applied pay for Varitec Solutions?
- The deal value was not disclosed.
- What does Daikin Applied do?
- Daikin Applied, a member of Daikin Industries, Ltd., designs and manufactures advanced commercial and industrial HVAC systems for customers around the world.
- Where are Daikin Applied and Varitec Solutions based?
- Daikin Applied is based in Minneapolis, Minnesota, United States. Varitec Solutions is based in Phoenix, Arizona, United States.
- Who are the decision-makers at Daikin Applied?
- Fundz holds 2 contacts at Daikin Applied. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Varitec Solutions?
Varitec Solutions was acquired by Daikin Applied, based in Minneapolis. The deal was reported on October 8, 2024. Daikin Applied, a member of Daikin Industries, Ltd., designs and manufactures advanced commercial and industrial HVAC systems for customers around the world. Daikin Applied is privately held and operates in Manufacturing.
When did Daikin Applied acquire Varitec Solutions?
Daikin Applied's acquisition of Varitec Solutions was reported on October 8, 2024. Daikin Applied has made a majority investment in Varitec Solutions, the Phoenix-based leader in designing, developing, and installing large-scale, energy-efficient HVAC systems for commercial buildings. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Varitec Solutions do?
Varitec Solutions is the Phoenix-based leader in designing, developing, and installing large-scale, energy-efficient HVAC systems for commercial buildings. It is privately held, operating in Energy, and is based in Phoenix.
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