CAREL Acquires Kiona from Summa Equity

July 24, 2023

Italian HVAC-R components and solutions provider CAREL has acquired Kiona, a European PropTech SaaS platform focused on building energy efficiency, from Summa Equity and other Kiona shareholders. Kiona—used across 58,000+ buildings and employing ~145 people—will be integrated with CAREL's hardware and software offerings to expand CAREL's energy-efficiency and building-management capabilities and accelerate global growth.

Buyers
CAREL
Targets
Kiona
Sellers
Summa Equity, Shareholders of Kiona
Industry
Cloud & SaaS
Location
Trøndelag, Norway
Transaction Type
Buyout

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