Carrier Completes Acquisition of Addvolt, Enhancing its Electrification Solutions

Core Viewpoint - Carrier Global Corporation has acquired Addvolt, a Portuguese company specializing in transport electrification technology, enhancing Carrier's capabilities in electric systems for refrigerated transportation [1][2][3] Company Overview - Carrier Global Corporation is a leader in intelligent climate and energy solutions, committed to innovation and sustainability [6] - Addvolt, founded over a decade ago, focuses on patented electric systems for refrigerated transport, emphasizing low maintenance and reduced emissions [2][4] Strategic Implications - The acquisition combines Addvolt's expertise in electric systems with Carrier's industry-leading solutions, positioning the company to innovate beyond refrigerated transportation [3] - This partnership is expected to create opportunities for new applications and enhance Carrier's electrification strategy through advanced technology and engineering talent [3][4] Operational Details - Addvolt has approximately 60 employees who will join Carrier's Climate Solutions Transportation segment following the acquisition [5] - The technology developed by Addvolt is already in use by Carrier Transicold customers in Europe, including the world's first fully autonomous electric trailer refrigeration system, the Vector® eCool [3]