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Exit · Closed Jul 2006

Carrier and Johnson Controls divest Scroll Technologies JV stakes to Danfoss

Relationship map

Relationship map for Carrier and Johnson Controls divest Scroll Technologies JV stakes to Danfossparent ofDanfoss A/S: PlatformDADanfoss A/SScroll Technologies: Operating CompanySTScroll Technologies
Operating CompanyPlatform

Parties

Acquirer
Danfoss A/S
Platform
Target
Scroll Technologies
Operating Company

Market signals

Summary

Carrier Corp. and Bristol Compressors (a Johnson Controls company), which had operated Scroll Technologies as a joint venture since 1995, divested their stakes to Danfoss, consistent with Carrier's strategy of sourcing compression needs from focused global manufacturers.

Primary source