Prior notification of a concentration (Case – M.11867 DAIKIN / COPELAND / C-D COMPRESSION TECHNOLOGIES JV) – Candidate case for simplified procedure
Date: 2025-02-28
Institutions: Directorate-General for Competition, European Commission
Subjects: United States, air conditioning, economic concentration, heating, merger control, refrigeration industry, thermal equipment, wholesale trade








C_202501477EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/1477


28.2.2025






Prior notification of a concentration
(Case – M.11867 DAIKIN / COPELAND / C-D COMPRESSION TECHNOLOGIES JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/1477)


1.   
On 19 February 2025, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Daikin Industries, Ltd. (‘Daikin’, Japan),










—


Copeland LP (‘Copeland’, United States), controlled by funds advised and managed by affiliates of Blackstone Inc. (United States).




Daikin and Copeland will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created joint venture (the ‘JV’).
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


2.   
The business activities of the undertakings concerned are the following:






—


Daikin is a global manufacturer of heating, ventilation, air condition, and refrigeration systems and listed on the Tokyo Stock Exchange,










—


Copeland is a global manufacturer of components used in heating, cooling, cold chain and industrial solutions.






3.   

The JV is intended to bring Daikin’s inverter swing rotary compressor technology to the residential segments of air-conditioning, heating and water heating in the United States.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11867 – DAIKIN / COPELAND / C-D COMPRESSION TECHNOLOGIES JV
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2025/1477/oj
ISSN 1977-091X (electronic edition)