# Carrier to acquire additional stake in Toshiba Carrier JV for 100 billion yen

Carrier agreed to acquire nearly all of Toshiba's 60% stake in the Toshiba Carrier air conditioning joint venture for approximately 100 billion yen ($869 million), reducing Toshiba's stake to 5%.

- Type: Acquisition
- Announced: 2022-03-22
- Where: Japan
- Value: $869.0M (100.0B JPY)
- Status: announced
- Products: air conditioning systems, variable refrigerant flow products
- 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) (target)
- [Toshiba Carrier Corporation](https://endata.com/companies/8894.md) (target)

## Sources

- [valuespectrum.com](https://www.valuespectrum.com/news/746232-carrier-to-buy-added-stake-in-air-conditioning-jv-from-toshiba-in-100b-deal), 2022-03-22: "Carrier says the deal will strengthen its position in one of the fastest-growing HVAC segments and scale its variable refrigerant flow product platform."

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