# Carrier agrees to acquire Toshiba's stake in Toshiba Carrier VRF and HVAC joint venture

Carrier Global has signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation, a VRF and light commercial HVAC joint venture, a deal projected to more than double Carrier's VRF sales.

- Type: Acquisition
- Announced: 2022-02-06
- Status: announced
- Products: VRF systems, light commercial HVAC systems, compressors, heat pumps
- 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) (partner)
- [Toshiba Carrier Corporation](https://endata.com/companies/8894.md) (target)

## Sources

- [corporate.carrier.com](https://www.corporate.carrier.com/news/news-articles/202202_carrier-signs-agreement-acquire-toshibas-global-vrf-light-commercial-hvac-business.html), 2022-02-06: "Carrier Global Corporation today signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF) and light commercial HVAC joint venture with Carrier."
- [carrier.com](https://www.carrier.com/commercial/en/in/news/news-article/carrier-signs-agreement-acquire-toshibas-global-vrf-light-commercial-hvac-business.html), 2022-02-06: "Carrier Global Corporation today signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF) and light commercial HVAC joint venture with Carrier."

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