Guangdong Giwee Group

Carrier announced it has completed the acquisition of the remainder of Guangdong Giwee Group, a China-based HVAC manufacturer, including its subsidiary Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. The deal follows Carrier's June 2021 acquisition of a controlling interest.

Carrier has finalized its acquisition of a controlling stake in China's Guangdong Giwee Group, which produces VRF, modular chiller and light commercial air conditioning equipment. The deal expands Carrier's geographic footprint and market position in HVAC.

Carrier has signed agreements to acquire Guangdong Giwee Group, a China-based HVAC manufacturer, to expand its VRF and light commercial businesses. The acquisition is expected to close in 2021.