Carel's 11th acquisition in five years

Carel's CEO framed the Kiona deal as its 11th acquisition in the last five years, part of a serial acquisition strategy to expand technical capabilities around energy-efficient HVACR solutions.

“Francesco Nalini, chief executive of Carel, said the acquisition of was the 11th purchase made by the company in the last five years as part of a strategy to expand its technical capabilities to address demand for energy efficient solutions.”

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.