Daikin Airconditioning’s $16 Million Acquisition of Citizen

DSK Legal advised the seller shareholders of Citizen, while Pioneer Legal advised Daikin Airconditioning India Private Limited.

As reported in Legally India and in others online pubblications Daikin Airconditioning India completed the acquisition of air handling business of Ahmedabad-based Citizen Industries, a move which will enhance its product positioning into the commercial air-conditioning market, a top company official said.

Daikin Air-Conditioning Co. Ltd. manufactures air conditioners. The Company researches, develops, produces, and sells split air conditioner and central air conditioner.

The DSK Legal advised Kamalesh Mehta and Praful Patel with a team led by partner Hemang Parekh (Picture), principal associate Jayesh Kothari and associate Supallab Chakraborty.

Pioneer Legal advised Daikin Airconditioning India Private Limited with a team led by partner Pritha Jha, counsel Anupam Shukla, associates Althea Pereira, Sana Nagar and Vedika Shah.

Involved fees earner: Supallab Chakraborty – DSK Legal ; Jayesh Kothari – DSK Legal ; Hemang Parekh – DSK Legal ; Pritha Jha – Pioneer Legal ; Sana Nagar – Pioneer Legal ; Althea Pereira – Pioneer Legal ; Vedika Shah – Pioneer Legal ; Anupam Shukla – Pioneer Legal ;

Law Firms: DSK Legal ; Pioneer Legal ;

Clients: Daikin Airconditioning India Private Limited; Kamalesh Mehta ; Praful Patel ;


Author: Michael Patrini