# Carel acquires additional 30% stake in Arion

Carel Industries acquired a further 30% stake in Arion from Bridgeport, increasing its total shareholding to 70%. The consideration was approximately €1.2 million.

- Type: Acquisition
- Announced: 2022-05-03
- Where: Bolgare, Italy, Italy
- Value: $1.26M (1.20M EUR)
- Status: completed
- Products: sensors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [CAREL Industries](https://endata.com/companies/9686.md) (acquirer)
- [Arion S.r.l.](https://endata.com/companies/62548.md) (target)
- [Bridgeport S.p.A.](https://endata.com/companies/62549.md) (partner)
- [Sauber](https://endata.com/companies/63424.md) (target)

## Sources

- [acr-news.com](https://www.acr-news.com/carelacquires-a-further-30-stake-in-share-capital-of-arion), 2022-05-03: "The transaction is consistent with the Group's long-term strategy since the use of increasingly advanced sensors will make the equipment more efficient, more reliable and more connected with the eco-system in which they are inserted."
- [cbinsights.com](https://www.cbinsights.com/company/sauber), 2022-06-13: "As of June 13th, 2022, Carel Industries acquired a majority stake in Sauber."

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