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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.
An air conditioning system, or a standalone air conditioner, provides cooling and/or humidity control for all or part of a building. Air conditioned buildings often have sealed windows, because open windows would work against the system intended to maintain constant indoor air conditions.
An air conditioner designed for an occupied space will typically achieve a 30% to 60% relative humidity in the occupied space. [51] Most modern air-conditioning systems feature a dehumidification cycle during which the compressor runs. At the same time, the fan is slowed to reduce the evaporator temperature and condense more water.
By 1916, the Trane's were no longer in the plumbing business, but instead focused their attention on manufacturing heating products. Reuben's invention of the convector radiator in 1923, which replaced the heavy, bulky, cast-iron radiators that prevailed at the time, was a major success. Trane's first air conditioning unit was developed in 1931.
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Coleman Heating & Air Conditioning is a major manufacturing brand of HVAC equipment, and was formerly an independent HVAC manufacturing company. The company began as a division of the Coleman Company in 1958 and was acquired by Evcon in 1990, which in turn was acquired by Johnson Controls in 1996.
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