Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation to acquire Carrier Commercial Refrigeration for approximately USD 640 million. The transaction marks Haier Smart Home’s expansion from its existing household refrigeration business into the commercial refrigeration business, creating additional future growth opportunities. “Carrier Commercial Refrigeration is a preeminent global enterprise with respected brands, leading technology, and an experienced workforce dedicated to providing best-in-class solutions to customers globally – said Li Huagang, Chairman and CEO of Haier Smart Home –. The acquisition will help Haier Smart Home establish its commercial refrigeration platform, enabling the company to capture additional growth opportunities by expanding its presence to food retail refrigeration and cold storage”. The transaction is expected to close in the second half of 2024.
