Carrier completes acquisition of controlling stake in Guangdong Giwee Group

Carrier completed its acquisition of a controlling stake in China-based HVAC manufacturer Guangdong Giwee Group and its subsidiaries, expanding into the VRF and light commercial market. Deal 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.”

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.