Daikin Industries, Ltd. has recently concluded a share purchase agreement with Duplomatic MS S.p.A (Duplomatic), an Italian hydraulic equipment manufacturer. The acquisition price is 220 million euros (yen 27.5bn at an exchange rate of 1 euro = 125 yen). Daikin is expected to obtain all shares from Alcedo Sgr S.p.A., an Italian private equity firm, and the management of Duplomatic, after concluding all necessary procedures for acquisition. Duplomatic is a hydraulic equipment manufacturer that handles such products as hydraulic valves, pumps, and cylinders and has developed business in a wide range of fields targeting areas including industrial machinery and mobile construction equipment.
With a history spanning more than 70 years since its founding, Duplomatic has production bases in Italy, the United Kingdom, Germany, the United States, and other countries. It boasts an extensive product lineup and robust engineering capabilities and has a strong business foundation in Europe that provides optimum engineering proposals and hydraulic systems to meet the various needs of local customers.
For Daikin Industries, its Oil hydraulics business is one of its founding businesses for which the company has been developing business activities for over 90 years. Utilizing the motor inverter technology cultivated in its air conditioning business, in 2000, Daikin introduced hydraulic power units with advanced energy-saving performance to the market ahead of the industry. Since then, it has expanded its business focusing on the expansion of energy-saving hydraulic equipment series and application development.
