Daikin Industries Ltd., through its subsidiary Daikin Europe N.V., announced it will acquire Zanotti S.p.A., an Italian manufacturer of commercial refrigerators and freezers. The acquisition price is 98 million euros (12.3 billion yen) for which Daikin will obtain all company shares.

The global HVAC equipment market is expected to expand at a compound annual growth rate (CAGR) of 5.6 percent from 2015 to 2022, exceeding $125 billion by 2022, according to a new market report published by Credence Research Inc.

Thermostat Recycling Corp. (TRC) announced that its fifth annual Big Man On Planet (BMOP) competition begins May 1, in partnership with Heating, Air-conditioning and Refrigeration Distributors International (HARDI). BMOP will run through Oct. 31 and all HARDI wholesaler members are eligible to participate.

Nest Labs Inc. has announced continued growth in its energy business with the addition of more than 50 energy providers now offering Nest Learning Thermostat rebates and rewards for residential customers.

Nortek Inc. announced the appointment of Bruno Biasiotta as chief operating officer, air management. In this newly appointed role, Biasiotta will report to Nortek's president and chief executive officer, Michael J. Clarke, and assume responsibility for the Residential & Commercial HVAC and Custom & Commercial Air Solutions businesses.