# Carel acquires 51% of CFM Soğutma ve Otomasyon

Carel signed a binding agreement to acquire 51% of CFM Soğutma ve Otomasyon A.Ş., a Turkish distributor and service provider in the HVAC and refrigeration market. CFM reported 2020 revenues of €14.5 million.

- Type: Acquisition
- Announced: 2021-05-06
- Where: Izmir, Türkiye
- Status: announced
- Products: HVAC and refrigeration solutions, digital services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carel](https://endata.com/companies/5519.md) (acquirer)
- [CFM Soğutma ve Otomasyon](https://endata.com/companies/54955.md) (target)

## Sources

- [gide.com](https://www.gide.com/en/news-insights/gide-and-chiomenti-advise-carel-for-the-acquisition-of-51-of-cfm-sogutma-ve-otomasyon-a-s/), 2021-05-06: "Gide and Chiomenti have advised Carel for the signing of a binding agreement for the acquisition of 51% of CFM Soğutma ve Otomasyon A.Ş."
- [refindustry.com](https://refindustry.com/news/carel-completes-the-acquisition-of-51-of-the-share-capital-of-cfm-so-utma-ve-otomasyon-a/), 2021-06-04: "The acquisition of CFM is in line with our strategy of geographical expansion and development of know-how in digital, pre-sales and after-sales services."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.