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Deal announced Feb 2022 Verified

Carrier to acquire Toshiba's stake in Toshiba Carrier Corp.

Carrier agreed to acquire Toshiba's ownership stake in Toshiba Carrier Corp., gaining its VRF and light commercial HVAC business including R&D centres and global manufacturing operations. The deal is expected to close in the coming months.

“Carrier has agreed to acquire Toshiba Corp.’s ownership stake in Toshiba Carrier Corp. (TCC).”

Entities

Carrier · Acquirer Toshiba Carrier Corp. · Target Toshiba Corp. · Parent
HVAC Sentiment: Positive

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.