# CAREL acquires 100% of Eurotec

CAREL signed a binding agreement to acquire 100% of Eurotec, a distributor and system integrator based in Auckland, New Zealand, with revenues of approximately NZD 10.9 million.

- Type: Acquisition
- Announced: 2023-02-24
- Where: Auckland, New Zealand, New Zealand
- Status: announced
- Products: HVAC, refrigeration, electrical/instrumentation solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carel](https://endata.com/companies/5519.md) (acquirer)
- [Eurotec](https://endata.com/companies/68766.md) (target)

## Sources

- [iot.carel.com](https://iot.carel.com/news-detail/-/asset_publisher/FWCUXAoY43Lv/content/carel-signed-a-binding-agreement-for-the-acquisition-of-100-of-eurotec/10191), 2023-02-24: "CAREL signed a binding agreement for the acquisition of 100% of the share capital of Eurotec."

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