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Consolidation trend Jul 2017

Carel pursues international expansion via acquisitions

Carel describes an ongoing strategy of acquiring its distributors to establish direct presence in all major international markets, signaling a programmatic roll-up of regional distribution partners.

“With this acquisition we are continuing our strategy to establish a direct presence in all major international markets, meaning we can be close to our customers and support them in terms of technology, logistics, and service.”

Entities

The Carel Group · Acquirer
HVACRefrigeration
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.