# CAREL acquires 82.4% stake in Kiona Holding AS

CAREL entered into a binding agreement to acquire an 82.4% stake in Kiona Holding AS, a Norway-based SaaS provider of prop-tech solutions for energy optimization and building digitalization. The acquisition strengthens CAREL's position in the HVAC-R industry.

- Type: Acquisition
- Announced: 2023-07-26
- Where: Trondheim, Norway
- Status: announced
- Products: SaaS prop-tech solutions for energy optimization and building digitalization
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Carel](https://endata.com/companies/5519.md) (acquirer)
- [Kiona Holding](https://endata.com/companies/71601.md) (target)

## Sources

- [carel.com](https://www.carel.com/news-detail/-/asset_publisher/FWCUXAoY43Lv/content/carel-signed-a-binding-agreement-for-the-acquisition-of-82-4-of-kiona-holding-as/10191), 2023-07-26: "The acquisition of Kiona, an excellence in its reference sector with strong revenues growth and robust profitability, aligns perfectly with the Group's strategy to strengthen its position in the digital services sector oriented towards energy efficiency."

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