Daikin subsidiary buys Seattle companies.
AirReps, the Washington-based subsidiary of Daikin Comfort Technologies North America has acquired Seattle based companies Integrated Systems and Controls LLC and InControl.
Daikin, other Asian players lead U.S. race for heat pumps.
U.S. policy to promote energy-saving heat pump systems is providing tail winds to Daikin and other Asian players.
Daikin plans $5.7bn in capex over 3 years, targeting India and Europe.
Daikin will spend 800 billion yen ($5.7 billion) on capital investments over the next three years, the company said Wednesday, as it seeks to cash in on demand for energy-efficient heating in Europe and India's growing air conditioner market.
Daikin Offers £250 Heat Pump Incentive.
Daikin is offering MSC certified installers £250 each time they install a Daikin air source heat pump in England, Scotland or Wales.
Daikin predicts a doubling of heat pump sales in Europe.
Daikin targets 4,550 billion yen ($32.5 billion) in sales in 2025 as a result of increased demand for heat pumps in Europe and a growing air-conditioning market in India.