# Carrier finalizes acquisition of controlling stake in Guangdong Giwee Group

Carrier has finalized its acquisition of a controlling stake in China's Guangdong Giwee Group, which produces VRF, modular chiller and light commercial air conditioning equipment. The deal expands Carrier's geographic footprint and market position in HVAC.

- Type: Acquisition
- Announced: 2021-06-09
- Where: China
- Status: completed
- Products: variable refrigerant flow (VRF) systems, modular chillers, light commercial air conditioning equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carrier Corp](https://endata.com/companies/5132.md) (acquirer)
- [Guangdong Giwee Group](https://endata.com/companies/54529.md) (target)

## Sources

- [mechanicalbusiness.com](https://mechanicalbusiness.com/2021/06/09/carrier-finalizes-guangdong-giwee-group-purchase/), 2021-06-09: "Through this acquisition, we are building on a commitment to expand Carrier’s geographic footprint and market position."

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