Carrier Global Corporation Acquires Toshiba Carrier Corporation Stake from Toshiba
July 31, 2022
Carrier Global Corporation has completed the acquisition of substantially all of Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. TCC, a global provider of residential and light commercial HVAC solutions including VRF and heat pump products with roughly $2 billion in 2021 sales and about 6,600 employees, will join Carrier's newly created Global Comfort Solutions business unit headquartered in Tokyo.
- Buyers
- Carrier Global Corporation
- Targets
- Toshiba Carrier Corporation
- Sellers
- Toshiba Corporation
- Industry
- Building Products
- Location
- Tokyo, Japan
- Transaction Type
- Buyout
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