Carrier Completes Acquisition of Toshiba’s Global Residential and Light Commercial HVAC Business – QNT Press Release


Acquisition strengthens Carrier’s position in the fast-growing, sustainable and highly efficient variable refrigerant flow (VRF) and heat pump market segments to support customers’ decarbonization efforts

PALM BEACH GARDENS, Fla., July 31, 2022 /PRNewswire/ — Carrier Global Corporation (NYSE:CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has completed its acquisition of substantially all of Toshiba Corporation’s (TOKYO: 6502) ownership stake in Toshiba Carrier Corporation (TCC). A longstanding joint venture between Carrier and Toshiba, TCC is a global provider of residential and light commercial HVAC solutions, including VRF and heat pump products.

“This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets,” said David GitlinChairman & CEO, Carrier. “Toshiba Carrier’s differentiated technology, strong channel and global design and manufacturing footprint allow us to benefit from growing electrification and sustainability trends. We are thrilled to welcome the 6,600 talented TCC employees to the Carrier family.”

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Full story available on Benzinga.com



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