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Divestiture Jul 2006 Verified

Carrier and Johnson Controls divest Scroll Technologies JV stakes to Danfoss

Scroll Technologies had been a joint venture between Carrier Corp. and Bristol Compressors (a Johnson Controls company); both owners are divesting their stakes to Danfoss, framed by Carrier as consistent with sourcing compression from focused manufacturers.

“Divestiture of our stake in Scroll Technologies to a world-class compressor manufacturer is a positive development.”

Entities

Bristol Compressors · Subsidiary Carrier Corp. · Parent Danfoss A/S · Acquirer Johnson Controls · Parent Scroll Technologies · Target
HVACRefrigeration Sentiment: Positive
Source: www.achrnews.com

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