Spain. Daikin Europe N.V., through its subsidiary Zanotti S.p.A., closed an agreement to buy Tewis Smart Systems S.L (Tewis), a Spanish company that offers standard and customized refrigeration solutions. Zanotti signed an agreement to purchase all of the company's shares and has also reached an agreement with Zanotti Smart Solutions to acquire the remaining shares of Zanotti Smart Solutions.
Tewis is a company of design and technical development of refrigeration systems. Together with its expertise in customised controls (including monitoring), Tewis offers comprehensive solutions for climate and refrigeration applications. Over the past few years it has developed, in particular, a range of refrigeration systems that use CO2 as a refrigerant and has established a long-standing relationship with key Spanish and Portuguese retailers in the food sector.
Its team combines experience and technical knowledge in the area of design, cooling, supervision and programming of electronic controls. This broad knowledge base allows Tewis to approach projects in an innovative way. Through personalized assistance, Tewis advises its customers when selecting and designing the best solution for each application.
Tewis' business is focused on Spain and Portugal. In this way, they make use of the facilities of Zanotti Smart Solutions, based in Valencia, to manufacture units with CO2, as well as for other refrigerants. On its control platform, Tewis has partnered with several vendors.
Thanks to this acquisition, Daikin, through its subsidiary Zanotti, takes another important step to consolidate its position in the refrigeration market. Daikin's goal is to further develop the Tewis philosophy and make it known on an international scale, taking full advantage of synergies with Daikin's existing sales organizations. In France, one of the key countries for international expansion, Daikin will strengthen its local refrigeration team and make full use of Tewis' know-how and experience to further consolidate its position in the food retail sector.
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