Carrier to buy added stake in air conditioning JV from Toshiba in ¥100B deal

  • Carrier (NYSE:CARR) says it agreed to acquire nearly all of Toshiba's (OTCPK:TOSBF, OTCPK:TOSYY) 60% stake in the Toshiba Carrier air conditioning joint venture for ~¥100B ($869M); the deal will reduce Toshiba's stake in the company to 5%.
  • Carrier says the deal will strengthen its position in one of the fastest-growing HVAC segments and scale its variable refrigerant flow product platform.
  • For Toshiba, the deal is expected to be followed by a more far-reaching restructuring into two companies announced at its Investor Day, in which it will split off its device business, including the semiconductor sector; the company previously planned to split into three parts.
  • Carrier's announcement builds on last year's acquisition of Guangdong Giwee Group, a China-based manufacturer of HVAC products.

    • Sector news
    Analysts estimate for 2024 decreasing sales Signify, quite high dividend
    Analysts expect over 2024 growing sales Colgate-Palmolive
    High dividend yield Signify
    Analysts: less sales Toll Brothers
    Analysts anticipate for 2023 on revenue decrease Toll Brothers
    Analysts anticipate for 2023 on revenue increase Clorox
    Analysts say Signify is cheap
    National news
    NXP reaps benefits from FRAMOS collaboration
    Tesla net onder de 500.000 cars per year
    Analysts expect over 2024 revenue decrease Caterpillar
    Analysts expect sales decline Biogen
    Analysts anticipate for 2024 on revenue increase Cognizant
    Analysts expect over 2024 growing sales Colgate-Palmolive
    Analysts expect over 2024 revenue expansion Patterson-UTI Energy, relatively high dividend
    Press news
    Test News
    SureWerx selects Intershop to enhance purchasing experience for distributors with simplified product discovery and expanded self-service options
    ZenaTech Signs Blue UAS and NDAA Compliant Supply Chain Partners to Sell to US Defense Branches and NATO Forces
    Iterable Drives 337% Conversion Increase and 4x Order Boost with Mobile-First Engagement Ahead of Holiday Shopping Season
    HUNTPAL Supports the 5th Annual PHASA Foundation Golf Day at Koro Kreek Golf Course
    HIO Music Unveils Web3's Largest Music Collection Ahead of $HIO Token Launch
    12th Monaco Energy Boat Challenge: a turning point for maritime innovation
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo