Deal announced Undated · Denmark Verified
CAREL announces acquisition of Cotes
CAREL has announced the acquisition of Cotes, a Danish specialist in desiccant dehumidifiers for industrial applications. The deal is part of CAREL's strategy to expand its portfolio in high-value-added segments of the HVAC and refrigeration markets.
“CAREL announces the acquisition of Cotes, a company specialising in humidity control. Founded in 1986 and headquartered in Aarhus, Denmark, Cotes specialises in the design, development, manufacture, and commercialisation of desiccant dehumidifiers for industrial applications requiring reliable, precise humidity control. The transaction strengthens the Group’s positioning in humidity control and expands its portfolio with advanced desiccant dehumidification technologies for industrial applications”
Entities
Carel · Acquirer Cotes · Target
HVACRefrigeration Sentiment: Positive
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