Core Insights - Haier Smart Home Co., Ltd. has successfully completed the acquisition of Carrier Commercial Refrigeration for an enterprise value of approximately $775 million, enhancing its strategic positioning in the global commercial refrigeration market [1][2][3] Company Overview - Haier Smart Home is a leading manufacturer of household appliances, focusing on smart home solutions and customized production, with a diverse product range including refrigerators, washing machines, and air conditioners [4] Acquisition Details - The acquisition follows the signing of definitive agreements on December 12, 2023, and was finalized after obtaining all necessary regulatory approvals, ensuring a smooth transition for the business [2] - The acquisition includes over 4,000 employees from Carrier Commercial Refrigeration, which will broaden Haier's product portfolio and enhance its ability to provide comprehensive refrigeration solutions [3] Strategic Implications - This acquisition allows Haier to expand its reach from home refrigeration to the commercial refrigeration market, targeting sectors such as industrial, food retail, and cold storage [3]

PALM BEACH GARDENS, Fla., Oct. 2, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its commercial refrigeration business to its decades-long joint venture partner Haier (SSE: 600690) for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. The sale, along with the completed divestitures of Industrial Fire and Global Access Solutions and the ann ...

Carrier's commitment to climate action and sustainable innovation takes center stage at the event in partnership with FT Live and JLL. PALM BEACH GARDENS, Fla., Sept. 23, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will host a high-impact event to explore the future of climate resilience in the built environment during Climate Week in New York City. The event, titled "Reimagining the Built Environment for a Net Zero Future," will g ...

PALM BEACH GARDENS, Fla., Sept. 17, 2024 /PRNewswire/ -- Sustainability is rising to the top of U.S. corporate agendas, with building decarbonization emerging as a critical focus for the years ahead, according to a new survey conducted by Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions. The survey found that 83% of US C-suite executives responding to the survey plan to increase sustainability spending over the next two years, with 57% citing sustainability ...

Consumers in northern regions can use incentives such as rebates and tax credits ranging from around $2,000 - $8,000 depending on location and eligibility to purchase these high-efficiency units. INDIANAPOLIS, Sept. 12, 2024 /PRNewswire/ -- With the successful completion of field trials and laboratory testing, Carrier has achieved the Department of Energy's (DOE) Cold Climate Heat Pump Challenge for residential applications. The first DOE challenge designated cold climate heat pumps are slated for productio ...

Carrier Global Corporation (NYSE:CARR) Morgan Stanley’s 12th Annual Laguna Conference September 11, 2024 11:10 AM ET Company Participants David Gitlin - Chairman & CEO Patrick Goris - SVP & CFO Conference Call Participants Christopher Snyder - Morgan Stanley Cedar Ekblom - Morgan Stanley Christopher Snyder All right. Thanks, everybody. We got Carrier here today. Chairman and CEO, Dave Gitlin; CFO, Pat Goris. Dave is going to start off with some prepared remarks before we hop into the Q&A. David Gitlin Well, ...

PALM BEACH GARDENS, Fla., Aug. 9, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) (the "Company") today announced the Reference Yields for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for the outstanding notes listed in the table below (collectively, the "Securities" and each, a "series") such that (i) the aggregate purchase price (excluding accrued and unpaid interest) for all Securities purchased in the Tender Offers ...

PALM BEACH GARDENS, Fla., Aug. 8, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) (the "Company") today announced the early tender results for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for the outstanding notes listed in the table below (collectively, the "Securities" and each, a "series") such that (i) the aggregate purchase price (excluding accrued and unpaid interest) for all Securities purchased in the Tender Of ...

INDIANAPOLIS, Aug. 6, 2024 /PRNewswire/ -- Carrier and Sibi, a technology platform for supply chains, are collaborating to transform the HVAC industry through enhanced data-driven efficiency and the creation of a new optimized supply chain management system. Carrier is a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions. As part of the agreement, Sibi's flagship integration products will connect home builders directly with Carrier's distribution chann ...

BEVERLY, Mass., Aug. 2, 2024 /PRNewswire/ -- Carrier Global Corporation, on behalf of its Sensitech business, a world leader in supply chain visibility, has completed its acquisition of the Monitoring Solutions business of Berlinger & Co. AG, a Swiss family-owned company that specializes in innovative and customized solutions for monitoring temperature-sensitive goods in the pharmaceutical and life science, clinical trial and global health segments. Sensitech is part of Carrier Global Corporation (NYSE: CAR ...