# Carrier to acquire Toshiba's 60% stake in Toshiba Carrier joint venture

Carrier announced the acquisition of Toshiba's 60% stake in the Toshiba Carrier joint venture, valued at around $870 million, expected to complete in early August 2022.

- Type: Acquisition
- Announced: 2022-07-28
- Where: Tokyo, Japan
- Value: $870.0M
- Status: announced
- Products: VRF systems, light commercial HVAC, heat pumps
- 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 Carrier Corporation](https://endata.com/companies/8894.md) (target)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/carrier-to-complete-toshiba-carrier-jv-purchase-early-august/), 2022-07-28: "Carrier has revealed that the acquisition of Toshiba’s 60% stake in the Toshiba Carrier joint venture is expected to be completed in early August"
- [larpf.fr](https://www.larpf.fr/actualite/15753/lu-ve-et-carrier-finalisent-leurs-acquisitions), 2022-08-16: "Cette acquisition présente d'énormes opportunités de croissance pour Carrier sur les marchés à croissance rapide et à haut rendement énergétique."

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