Divestiture Jul 2006 · Arkansas Verified
Carrier and Johnson Controls divest Scroll Technologies JV stakes to Danfoss
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.
“Divestiture of our stake in Scroll Technologies to a world-class compressor manufacturer is a positive development.”
Entities
Carrier Corp. · Parent Danfoss A/S · Acquirer Johnson Controls · Parent Scroll Technologies · Subsidiary
HVACRefrigeration Sentiment: Positive
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