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Daikin Applied Acquires Minority Stake In Cloud-Based Building Automation Company

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Investment extends company’s leadership in IoT in its drive toward offering total building efficiency Daikin Applied Americas announced today it is acquiring a minority ownership stake in Riptide IO, a California-based software company that focuses on helping building owners connect, manage and automate building equipment by bringing the full benefit of the Internet of Things (IoT) to commercial buildings. Terms…

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