Carrier completes acquisition of controlling stake in Guangdong Giwee Group

Carrier (part of Carrier Global Corporation) completed the acquisition of a controlling stake in China-based HVAC manufacturer Guangdong Giwee Group and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., expanding into the VRF and light commercial market. Terms were not disclosed.

“Carrier today announced that it has completed the acquisition of a controlling stake of Guangdong Giwee Group (Giwee Group) and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd.”

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