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Majority stake Announced Nov 2014

UTC/Carrier acquisition of French HVAC manufacturer CIAT on track

Relationship map

Relationship map for UTC/Carrier acquisition of French HVAC manufacturer CIAT on trackparent ofCarrier: PlatformCarrierCIAT: Operating CompanyCICIAT
Operating CompanyPlatform

Parties

Acquirer
Carrier
Platform
Target
CIAT
Operating Company

Market signals

Summary

United Technologies' (Carrier parent) proposed acquisition of French air conditioning manufacturer CIAT advanced after CIAT's works council voted in favour; the bid was before the European Commission with a provisional December 5 decision deadline.

Primary source