Carrier signs binding agreement to acquire Toshiba's stake in Toshiba Carrier Corporation

Carrier Global signed a binding agreement to acquire Toshiba's ownership stake in their VRF and light commercial HVAC joint venture Toshiba Carrier Corporation; expected to more than double Carrier's sales in the global VRF and light commercial segment.

“Carrier Global Corporation signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF) and light commercial HVAC joint venture with Carrier.”

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