Carel acquires 51% stake in CFM Soğutma ve Otomasyon

Carel signed a binding agreement to acquire 51% of CFM Soğutma ve Otomasyon A.Ş., a Turkish HVAC&R distributor and service provider, for €23.1 million. The deal is expected to close by end of July 2021, with an option to buy the remaining 49% between 2024 and 2027.

“Carel has signed a binding agreement for the acquisition of 51 per cent of CFM Soğutma ve Otomasyon A.Ş.”hvacrnews.com.au

• 1 source
• hvacrnews.com.auCarel to acquire majority stake in Turkish partner | HVAC&R NewsMark VenderMay 7, 2021

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