Guangdong Giwee Group News
Carrier Corporation, the global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed a binding agreement to acquire Toshiba Corporation’s (TOKYO: 6502) ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF) and light commercial HVAC joint venture with Carrier. The planned acquisition will strengthen Carrier’s position in one of the fastest-growing HVAC segments, as well as scale its global VRF product p...
Carrier Corporation (Carrier) has announced that it has signed agreements to acquire Guangdong Giwee Group (Giwee Group) and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co., Ltd. (GCHV Global). Giwee Group's proven strength in the VRF and light commercial market in China will expand Carrier's access to this growing, global market. Giwee Group acquisition The global market for VRF and light commercial HVAC equipment is expected to reach approximately US$ 20 b...
