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Majority stake Announced Jul 2023

Carel Industries to acquire 82.4% stake in energy software firm Kiona

Relationship map

Relationship map for Carel Industries to acquire 82.4% stake in energy software firm Kionaparent ofCarel: PlatformCarelKiona: Operating CompanyKIKiona
Operating CompanyPlatform

Parties
Acquirer
Carel
Platform
Target
Kiona
Operating Company

Market signals

Summary

Carel Industries agreed to acquire a majority (82.4%) stake in Norway-based Kiona, a SaaS provider for managing energy use in refrigeration and building functions, to expand its HVACR digital services.