Corporate overview of Daikin Europe N.V.
Daikin Europe N.V. is the sales and manufacturing headquarter for Europe, Africa and Middle East for Daikin’s air conditioning, heat pump and refrigeration equipment. As a 100% subsidiary of Japan-listed Daikin Industries Ltd., its main mission is to respond to the evolving requirements of its customers for residential, commercial and industrial applications.
In 1972, Daikin Industries Ltd. intended to explore the European markets and established Daikin Europe N.V. as headquarter in Ostend, Belgium. Initially, Daikin Europe N.V. was mainly used as an assembly and distribution centre for Daikin Industries Ltd. Nowadays Daikin Europe N.V. has gradually developed into an advanced air conditioning, heat pump and refrigeration production facility that prides itself in being one of the most innovative players in the market.
In 1982, the company formed its first joint venture in Belgium. This was the start of an expansion process that transformed Daikin Europe N.V. over the years into a pan-European group. In 1987 Daikin Airconditioning France SAS became the first affiliate and between 1998 and 2008, Daikin Europe N.V. acquired 11 of its distributors, in order to build a powerful sales network throughout Europe.
In 2004, Daikin Industries Ltd. and Daikin Europe N.V. also decided to build a new production plant in the Czech Republic, Daikin Industries Czech Republic sro. In financial year 2007 the expansion of the sales network was continued through the acquisition of two distributors: Itho Airconditioning B.V. in the Netherlands and Svenska Daikin A.B. in Sweden. In addition a service branch and marketing company was set up in Turkey.
During 2007, the sales companies of Mc Quay in Italy, France and Spain were also merged with the Daikin companies in the respective countries. In financial year 2007, Daikin Europe N.V. achieved a consolidated turnover of over 1.9 billion Euro in more than 40 countries.