# European Commission approves Haier's acquisition of Carrier Commercial Refrigeration

The European Commission approved Haier Smart Home's acquisition of Carrier Commercial Refrigeration for $775 million. The deal is expected to close in the second half of 2024.

- Type: Acquisition
- Announced: 2024-05-23
- Value: $775.0M
- Status: announced
- Products: commercial refrigeration systems, CO2 refrigeration racks
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Haier Smart Home](https://endata.com/companies/11349.md) (acquirer)
- [Carrier Commercial Refrigeration](https://endata.com/companies/32706.md) (target)

## Sources

- [naturalrefrigerants.com](https://naturalrefrigerants.com/news/european-commission-approves-haiers-acquisition-of-carrier-commercial-refrigeration/), 2024-05-23: "The European Commission has announced its approval of Chinese OEM Haier Smart Home’s acquisition of Carrier Commercial Refrigeration (CCR), noting that it “would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction.”"
- [news.brgbuildingsolutions.com](https://news.brgbuildingsolutions.com/post/haier-to-acquire-carrier-commercial-refrigeration-following-eu-approval), 2024-05-28: "The European Commission has approved Haier Smart Home's acquisition of Carrier Commercial Refrigeration (CCR) for $775 million, citing no competition concerns due to the companies' limited combined market position."

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