Airmaster Australia today announced it has entered into an agreement for the company to become fully owned by Daikin Australia Pty Ltd, a subsidiary of Daikin Industries Ltd.
This acquisition brings two of Australia’s most respected companies together based upon principles of mutual respect and shared values. Both Airmaster and Daikin will continue to operate business as usual as independent brands, each with their own specialist product and service offerings.
Daikin is the world’s industry leader in air-conditioning with sales over 15 billion US dollars and is comprised of over 200 companies around the globe. It has cutting edge air-conditioning products using environmentally friendly technologies across both the commercial and residential air-conditioning markets. Airmaster is Australia’s leading commercial heating, ventilation, air-conditioning and refrigeration (HVAC&R) service, maintenance and technical solutions provider.
Noel Courtney, who will remain as CEO of Airmaster, commented, “Forging this agreement with Daikin makes perfect sense for both companies. In doing so, we are combining two respected industry leaders, both with a strong and loyal customer base. Airmaster’s proven business model in service and maintenance complements Daikin’s strengths in air-conditioning products and technologies.”
“Both companies share the same values, culture and vision that will continue to strengthen our respective customer relationships. Bringing the companies under single ownership combines our collective skills, expertise, scale and resources in order to realise the growth aspirations and potential of both brands”, he added.
Airmaster was founded in 1988, and has grown from a small branch in suburban Melbourne to 12 branches and over 700 staff across Australia. Airmaster manages a portfolio of over 3,800 sites across a range of sectors including commercial, retail, shopping centres, government, hospitality, transportation, education and healthcare.
Airmaster Managing Director, Alistair McDonald commented, “We can be justly proud of our achievements at Airmaster as an Australian-owned company, and while there are mixed emotions about the sale to an overseas buyer, we recognise the many benefits of working with Daikin as the world’s premier brand for air-conditioning products.”
“Daikin’s desire to ensure a smooth ownership transition will allow for the continuation of the service traditions and culture at Airmaster, whilst offering meaningful career opportunities for staff. Overall, this is a positive move for Airmaster and those who work here, good for Airmaster customers and suppliers, and provides a sound financial foundation for continued growth and prosperity”. he concluded.
Both Airmaster and Daikin have the best interests of our collective staff and customers at heart, and we firmly believe that a bright future lies ahead for everyone.