Daikin eyes A/C crown in U.S. with smart-thermostat deal - Nikkei Asia

2023-03-24 18:18:17 By : Ms. Vicky Fang

$100m purchase of Venstar to add energy-saving services for customers

OSAKA -- Japanese air conditioner manufacturer Daikin Industries has bought U.S. smart-thermostat maker Venstar for around 13 billion yen ($101 million) in a bid to capture the top share in the American market by 2025. Electric Motorized Butterfly Valve

Daikin eyes A/C crown in U.S. with smart-thermostat deal -                         Nikkei Asia

Venstar provides residential smart thermostats and cloud-based monitoring. Daikin looks to use Venstar's services as a springboard to expand its distribution footprint in the U.S.

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Daikin eyes A/C crown in U.S. with smart-thermostat deal -                         Nikkei Asia

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