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Carel Industries signed a binding agreement to acquire 70% of Sauber, a company specializing in installation and maintenance of cooling/humidification systems, for an enterprise value of EUR 3.6 million. The closing is expected by June 2022.
Carel Industries acquired a further 30% stake in Arion from Bridgeport, increasing its total shareholding to 70%. The consideration was approximately €1.2 million.