Brussels, 10 November 2021 – Daikin Airconditioning France SAS reached an agreement to acquire 100 % of the shares of Groupe BV on this day.
Daikin Airconditioning France is a 100% subsidiary of Daikin Europe N.V., who has been pursuing an ambitious external growth strategy for several years to reinforce its refrigeration and applied product line up and services.
This acquisition by Daikin Airconditioning France is the company’s first acquisition since it was founded in France in 1993. It is intended to support Daikin France's expansion into the service and maintenance market for cooling equipment in the industrial sector, as well as to develop a new business area with the introduction of a rental solutions package.
Daikin France will be welcoming all 43 Groupe BV employees, for whom continuity in employment is fully guaranteed.
Fabien Van Renterghem, Franck Buchner, Christophe Mutz
A network of highly qualified technicians
As a manufacturer of tailor-made solutions, designed to meet the demands of industry specifications, Daikin is responsible for proper and predictable functioning of its equipment. Service Excellence, along with high focus on the up-time of its equipment, are an essential component of Daikin's Applied Systems and Refrigeration business offer.
"Initially, we opted for organic growth to support our own technical staff. Our targets for providing maintenance services to the industry are very high. In order to give ourselves the resources to achieve our ambitions, we therefore needed to rapidly enhance our skills in this area, and we therefore chose to rely on new experts in the field and on new methods that have proved useful within the Groupe BV. We look forward to the integration of the company’s teams into our organisation" explains Christophe Mutz, President of Daikin France.
"The organisation of our company is much like a family in the sense that we are a small company, very close to each other, and particularly sensitive to the sustainability of our activities and the development of our employees' skills. The project carried out by Daikin France confirmed our position and offered all the guaranteed benefits we were looking for", explains Franck Buchner, co-founder of the Groupe BV.
“Joining Daikin France is a strong career incentive, placing our company in a strong development position," he says. “We are honoured that a group like Daikin has shown such an interest in the advanced technical skills of our teams. We are eager to combine our expertise for the benefit of our customers. This is a new page in the history of our company," adds Fabien Van Renterghem, other co-founder of the Groupe BV.
An activity that spans the whole of Hauts-de-France
The Groupe BV (Est. in 2011), consists of two companies: BV Froid (Est. in 2009) and BV Services (Est. in 2014). The company was founded by Franck Buchner and Fabien Van Renterghem, and has grown into the group it is today under their management. From the start of its activities the company has specialised in the design, installation, maintenance and repair of refrigeration units for industrial use. It serves the whole of the Hauts-de-France region and has 2 agencies based in the departments of the Oise and the Somme.
The Groupe BV achieved a turnover of 7.1 million euros in their latest fiscal year, which ended 31st March 2021.
Franck Buchner and Fabien Van Renterghem will continue to support Groupe BV’s development, who will retain its name and geographical locations.
About Daikin Airconditioning France SAS
Specialized in the manufacturing of energy-efficient and smart heating, cooling, ventilation and refrigeration (HVAC-R) equipment and solutions, Daikin Europe Group operates in the residential, commercial and industrial markets in Europe, Middle East and Africa.
The group’s French subsidiary, Daikin Airconditioning France, was founded in 1993 and is based in Nanterre (92). Since 2000, Daikin is market leader in HVAC solutions in France. Daikin Airconditioning France covers the entire country with 13 sales offices, 4 regional branches, 5 technical and training platforms and a large logistics centre.
Daikin Airconditioning France has achieved a turnover of €580 million in financial year 2020 (Apr20-Mar21) and has a workforce of 520 employees. The company is headed by Mr Christophe Mutz, who has extensive experience in the Daikin Europe Group and became Daikin France’s President in 2016.
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Daikin Europe N.V.
Daikin Europe is a subsidiary of Daikin Industries Ltd. and the leading provider of heating, cooling, ventilation, air purification and refrigeration solutions in Europe, the Middle East and Africa. The company designs, manufactures and brings to market a broad portfolio of equipment, as well as tailor-made solutions for residential, commercial and industrial purposes. To date Daikin Europe has over 12,000 employees working at more than 59 consolidated subsidiaries. It has 12 major manufacturing facilities based in Belgium, the Czech Republic, Germany, Italy, Spain, Turkey, Austria and the UK. The headquarters of the Daikin Europe group are in Belgium, Ostend. The company was established in 1972, production in Europe started in 1973.
About Daikin Industries Ltd.
Based in Osaka, Japan, Daikin Industries employs over 89,000 people worldwide. The global company is market leader for heat pump and air conditioning systems, as well as air filtration. It is the only air conditioning manufacturer in the world that researches, develops and produces all important system components, such as refrigerants, compressors and electronics, in-house. The company achieved € 23.7 billion sales turnover in financial year 2021 (1 April 21 – 31 March 22).
Media Contacts Daikin Europe N.V.
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