# Carel Industries to acquire 70% of Sauber for EUR 3.6 million

Carel Industries signed a binding agreement to acquire 70% of Sauber, a company specializing in installation and maintenance of cooling/humidification systems, for an enterprise value of EUR 3.6 million. The closing is expected by June 2022.

- Type: Acquisition
- Announced: 2022-06-14
- Where: Porto Mantovano (MN), Italy
- Value: $3.80M (3.60M EUR)
- Status: announced
- Products: cooling/humidification systems installation and maintenance services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [CAREL Industries](https://endata.com/companies/9686.md) (acquirer)
- [Sauber](https://endata.com/companies/63424.md) (target)

## Sources

- [borse.it](https://www.borse.it/news/carel-accordo-vincolante-per-acquisto-70-di-sauber__546326), 2022-06-14: "Carel Industries ha annunciato di avere sottoscritto un accordo vincolante volto all’acquisizione del 70% del capitale sociale di 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.