UTC/Carrier acquisition of French HVAC manufacturer CIAT on track

United Technologies' (Carrier parent) proposed acquisition of French air conditioning manufacturer CIAT advanced after CIAT's works council voted in favour; the bid was before the European Commission with a provisional December 5 decision deadline.

“Last Friday, CIAT’s employee works council, which represents the 1,200 workers at CIAT’s factories in the Rhône-Alpes region, voted in favour of the proposed acquisition and UTC’s bid is now before the European Commission competition lawyers with a provisional deadline of December 5 for a decision.”

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