MINNEAPOLIS—May 26, 2017—Daikin Applied announces the acquisition of SAEG Engineering Group, a Panama-based firm that expands the applied HVAC company’s ability to serve customers in all of Latin America’s major markets.
“SAEG bring us specific engineering expertise in the complex-project arena with a strong focus in industrial, mining, and pharmaceutical manufacturing,” states Daikin CEO Mike Schwartz. “This acquisition gives customers and our partners, immediate access to experts who will help create smarter, more configurable solutions that optimize building environments for their people.”
The team at SAEG brings a unique combination of proven engineering expertise as well as commercial support to the Daikin team. With the acquisition, Daikin Applied will be better positioned to meet customers’ needs in the growing building space with enhanced solutions and systems capabilities.
“We are confident that combining forces with the SAEG and Daikin teams will deliver integrated solutions and competitive edge that our customers and building operators need to achieve their business goals and reach new levels of building performance,” says George Calienes, SVP/General Manager, Daikin Latin America Operations. “SAEG’s commercial division represents other top brands giving customers in Latin America access to a world-leading portfolio of products and services. The powerful line up helps us further engineer comprehensive system solutions for our customers.”
About SAEG Engineering Group
SAEG Engineering Group offers HVAC equipment and integral solutions, fire protection and security, access, CCTV; building automation and controls; energy conservation, air quality and water technologies by providing an added value to clients through electromechanical engineering services and applications. SAEG serves the Latin American community with headquarter offices in Panama city and offices in Miami, Colombia, Costa Rica, Dominican Republic, and Chile. For more information, visit www.saeg.com.
About Daikin Applied
Daikin Applied, a member of Daikin Industries, Ltd, designs and manufactures technologically advanced commercial HVAC systems for customers around the world. Customers turn to Daikin with confidence that they will experience outstanding performance, reliability and energy efficiency. Daikin Applied equipment, solutions and services are sold through a global network of dedicated sales, service, and parts offices. For more information or the name of your local Daikin Applied representative, call 800-432-1342 or visit, www.DaikinApplied.com.
About Daikin Industries Ltd.
Daikin Industries, Ltd. is a Forbes 1000 global company with 2014 revenues of nearly $16 billion and more than 60,000 employees worldwide, making it the largest HVAC manufacturer in the world. Daikin is engaged primarily in the development, manufacture, sales and aftermarket support of heating, ventilation, air conditioning and refrigeration (HVACR) equipment, refrigerants and other chemicals, as well as oil hydraulic products. Daikin was named one of the world’s most innovative companies by Forbes magazine. For more information, visit www.daikin.com.