# Carrier increases stake in Toshiba Carrier Corp to 95%

Carrier announced it will acquire an additional 35% stake in Toshiba Carrier Corp (TCC) from Toshiba Corporation, increasing its ownership from 60% to 95%, covering all of Toshiba's HVAC, heat pump, and commercial/industrial refrigeration business.

- Type: Acquisition
- Announced: 2022-02-01
- Where: Japan
- Status: announced
- Products: air conditioning, heat pumps, commercial refrigeration, industrial refrigeration
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carrier Corp](https://endata.com/companies/5132.md) (acquirer)
- [Toshiba](https://endata.com/companies/8893.md) (partner)
- [Toshiba](https://endata.com/companies/8893.md) (target)
- [Toshiba Carrier Corporation](https://endata.com/companies/8894.md) (target)

## Sources

- [batirama.com](https://www.batirama.com/article/47246-carrier-achete-l-activite-climatisation-froid-et-pompes-a-chaleur-de-toshiba-carrier-corporation.html), 2022-02-14: "Carrier détenait 60% de TCC, contre 40% contrôlés par Toshiba Corporation."
- [achrnews.com](https://www.achrnews.com/articles/146181-carrier-acquisition-electrification-unico-and-ecoer-partnership-best-contractors-to-work-for), 2022-02-21: "Carrier signed a binding agreement to acquire Toshiba's ownership stake in Toshiba Carrier Corporation, a VRF and light commercial HVAC joint venture with Carrier"
- [hvac-intelligence.fr](https://www.hvac-intelligence.fr/actualites-carrier/activite-froid-climatisation-pompe-a-chaleur-toshiba-carrier-corporation-achete-carrier/), 2022-03-03: "Toshiba Carrier Corporation vient de céder son activité froid, climatisation et pompe à chaleur au grand groupe Carrier."
- [climatizacion-y-confort.cdecomunicacion.es](https://climatizacion-y-confort.cdecomunicacion.es/noticias/sectoriales/50660/adquisiciones-fabricantes-climatizacion), 2022-03-11: "Carrier firmó un acuerdo vinculante para adquirir la participación de Toshiba en Toshiba Carrier Corporation o TCC (que, hasta ahora, era de un 60 %)."

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