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An agreement between Ingersoll Rand and Mitsubishi Electric regarding establishment of the joint venture was reached in January 2018 [1] and the company started operation in mid-2018. [2] METUS markets, sells and distributes heating and air-conditioning systems in the United States and Latin America. [3]
Variable refrigerant flow (VRF), also known as variable refrigerant volume (VRV), is an HVAC technology invented by Daikin Industries, Ltd. in 1982. [1] Similar to ductless mini-split systems, VRFs use refrigerant as the primary cooling and heating medium, and are usually less complex than conventional chiller-based systems.
Daikin entered the North American air conditioning market in 2004. [7] In 2006, Daikin Industries acquired McQuay International, a Minneapolis, Minnesota–based global corporation that designs, manufacturers and sells commercial, industrial and institutional heating, ventilation and air conditioning (HVAC) products. [8]
In 2006, McQuay was acquired by Daikin Industries, a global manufacturer of both commercial and residential air conditioning equipment based in Osaka, Japan. Daikin had annual sales of $13 billion in 2009. [2] Daikin was named one of the 100 most sustainable corporations for three years in a row by Corporate Knights, Inc., from 2007 through ...
In August 2012, Hellman & Friedman agreed to sell Goodman Global to Japan's Daikin Industries Ltd. for $3.7 billion. In 2015, Daikin commenced construction of the state-of-the-art Daikin Texas Technology Park campus near Houston, Texas. This project, costing over $400 million, was the largest investment made in Daikin’s 90-year history.
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