Daikin Singapore’s Acquisition of BMS Engineering & Trading Pte Ltd

The Ventilation and Air Conditioning market in Singapore is deeply saturated. Nevertheless, with the introduction of compulsory green building implementation and the advancement of green building requirements, this highly competitive market is set to grow further still. As part of the government’s objectives to reduce its carbon footprint and transform Singapore into a Smart City, the Building and Construction Authority (BCA) has set a target for 80% (7,000) of all buildings in Singapore to be green by 2030.

Daikin fully supports this direction and now needs to be able to monitor not just air conditioning (AC) equipment but also including the entire building facilities utilising Building Management System (BMS), fine tuning its operations to provide routine maintenance and ensure all equipment runs smoothly and efficiently. To expand its services to meet this demand, Daikin Singapore has recently acquired its strategic BMS partner, BMS Engineering and Trading Pte Ltd (BMS Engineering) for more than SGD$10Mil. Joining the forces of the two entities will allow Daikin to play a much bigger role in helping to reduce Singapore’s carbon footprint and maximising the energy efficiency of its buildings.

Prior to the acquisition of BMS Engineering, Daikin Singapore has placed its strategic focus on HDB, building a stronger sales channel by developing Daikin Proshop and thereby differentiating itself from its competitors. With 50 years of history in Singapore, Daikin also drove expansion by launching differentiated products such as Remote Monitoring System (RMS), which provides energy optimization and predictive analytics.

Founded in 2006, BMS Engineering is a System Integrator and Controls company that supplies and installs Integrated Building Management System (IBMS) and BMS Control System services to buildings island-wide. Based in Singapore, the company also has a branch in Brunei. It has an impressive history of having integrated chiller plant optimization system (CPOS) and BMS solutions deployment to help building owners achieve BCA Green Mark Platinum or Gold Plus certifications.

Daikin now has its sights set firmly on penetrating the smart building market and strengthening its equipment and control systems proposals. It will now be able to expand its services to include Building and Control as well as Data-driven solutions. Daikin will be the ultimate one-stop provider for a full suite of smart control solutions offered to customers.