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Majority stake Announced Feb 2022 Verified

Carrier signs binding agreement to acquire Toshiba's stake in Toshiba Carrier Corporation

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Relationship map for Carrier signs binding agreement to acquire Toshiba's stake in Toshiba Carrier Corporationparent ofCarrier: PlatformCarrierToshiba Carrier Corporation: Operating CompanyTCToshiba Carrier Corpo…
Operating CompanyPlatform

Parties

Acquirer
Carrier
Platform
Target
Toshiba Carrier Corporation
Operating Company

Market signals

Summary

Carrier Global signed a binding agreement to acquire Toshiba's ownership stake in their VRF and light commercial HVAC joint venture Toshiba Carrier Corporation; expected to more than double Carrier's sales in the global VRF and light commercial segment.