Carrier (US:CARR) Prnewswireยท2024-10-02 12:34Core 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]