# Carrier completes $900M acquisition of Toshiba's HVAC business

Carrier Global Corporation completed its acquisition of substantially all of Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. The deal strengthens Carrier's position in the VRF and heat pump markets.

- Type: Acquisition
- Announced: 2022-07-31
- Where: Tokyo, Japan
- Value: $900.0M
- Jobs: 6,600
- Status: completed
- Products: variable refrigerant flow systems, heat pumps, residential and light commercial HVAC solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carrier Global Corporation](https://endata.com/companies/7380.md) (acquirer)
- [Toshiba](https://endata.com/companies/8893.md) (target)
- [Toshiba Carrier Corporation](https://endata.com/companies/8894.md) (target)

## Sources

- [corporate.carrier.com](https://www.corporate.carrier.com/news/news-articles/202208_carrier-completes-acquisition-toshibas-global-residential-light-commercial-hvac-business.html), 2022-07-31: "This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets."
- [prnewswire.com](https://www.prnewswire.com/news-releases/carrier-completes-acquisition-of-toshibas-global-residential-and-light-commercial-hvac-business-301596594.html), 2022-08-01: "This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets."
- [en.prnasia.com](https://en.prnasia.com/releases/apac/carrier-completes-acquisition-of-toshiba-s-global-residential-and-light-commercial-hvac-business-370188.shtml), 2022-08-01: "This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets."
- [mechanicalbusiness.com](https://mechanicalbusiness.com/2022/08/02/carrier-acquires-toshibas-hvac-business/), 2022-08-02: "Carrier sees significant growth potential in the global VRF, light commercial and heat pump segments and is excited by the opportunity to expand our business through this strategic acquisition."
- [refrinoticias.com](https://refrinoticias.com/carrier-anuncia-que-completara-la-compra-conjunta-de-toshiba-carrier-en-agosto/), 2022-08-10: "Esta adquisición planificada fortalecerá la posición de Carrier en uno de los segmentos HVAC de más rápido crecimiento."

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