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Daikin Airconditioning France acquires Groupe BV to expand its service offering to the industry

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.

About Daikin

We care for the air. We deploy our years of experience in air conditioning and our passion for innovative technologies to make the air that we live in the best possible air. And we want to do that while caring for the environment and protecting future generations. By 2050 Daikin aims to be carbon neutral in all its actions and the products and solutions it sells. That is our mission at Daikin.

Daikin Europe N.V.

Daikin Europe N.V. is a subsidiary of Daikin Industries Ltd. and the headquarters for air conditioning, air purification, ventilation, heating and refrigeration (HVAC-R) equipment sales in Europe, Middle East and Africa. 

With a large network of subsidiaries and a strong professional partner network, it is the leading provider of energy-efficient residential, commercial and industrial HVAC-R in the region. Daikin Europe designs and manufactures air conditioners, heat pumps and refrigeration equipment in the region.

To date Daikin Europe has around 12 000 employees across 24 EMEA affiliates. It has 14 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, with offices in Ostend, Ghent and Brussels. The company was established in 1973. Daikin employs 2.171 employees on Belgian territory.

Market leader for heat pump technology in Europe

With over 90 years of experience in the heating and air conditioning industry, Daikin is the market leader in heat pump technology. The company is well known for the Daikin Altherma hydronic heat pumps for private heating applications. Over 85% of the devices for the European market are produced in Europe.

Total HVAC and Refrigeration Solution provider

Daikin’s broad product portfolio allows for tailor-made solutions that address any customer’s needs relating to HVAC-R and healthy indoor air. In recent years, Daikin has complemented its product portfolio and greatly expanded its market presence in Europe in heat pump technology, as well as commercial and industrial refrigeration. In 2016, Daikin Europe N.V. acquired Zanotti S.p.A., the Italian manufacturer of industrial and transport refrigeration. In February 2018, Tewis Smart Systems S.L. joined the group. Tewis manufactures off the shelf and tailor-made refrigeration solutions with CO2 as refrigerant. At the beginning of 2019, Daikin Europe N.V. acquired the Austrian-based global refrigeration group AHT Cooling Systems GmbH. 

About Daikin Industries Ltd.

Daikin Industries Ltd. based in Osaka, Japan, employs around 85,000 people worldwide and achieved sales of around € 18.5 billion in financial year 2020 (April 20 – March 21). The company is the global market leader for heat pump and air conditioning systems, as well as air filtration. Daikin Industries Ltd. is the only air conditioning manufacturer in the world that develops and produces all important components such as refrigerants, compressors and electronics in-house. 


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