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Deal closed Jun 2021 · China Verified

Carrier completes acquisition of controlling stake in Guangdong Giwee Group

Carrier completed the acquisition of a controlling stake in Guangdong Giwee Group and its subsidiaries, expanding its VRF and light commercial HVAC reach in China.

“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.”

Entities

Carrier · Acquirer Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. · Target Guangdong Giwee Group · Target
HVAC

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.