# Carel Industries completes acquisition of Eurotec

Carel Industries completed its acquisition of Eurotec, a New Zealand-based distributor of HVAC, refrigeration, and measurement systems, to expand in the APAC South region.

- Type: Acquisition
- Announced: 2024-03-12
- Where: New Zealand, New Zealand
- Status: completed
- Products: HVAC systems, refrigeration systems, controllers, instrumentation
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [CAREL Industries](https://endata.com/companies/9686.md) (acquirer)
- [Eurotec](https://endata.com/companies/68766.md) (target)

## Sources

- [scoop.co.nz](http://www.scoop.co.nz/stories/BU202403/S00148.htm), 2024-03-12: "Twelve months ago, the HVAC market landscape underwent a significant transformation when Carel Industries completed its acquisition 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.