European Commission clears acquisition of Carrier Refrigeration by Haier

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Carrier Refrigeration Benelux B.V. (‘Carrier Refrigeration') by Haier Europe Appliances Holding B.V. (‘Haier'), both of the Netherlands.

The transaction relates primarily to the manufacturing and supply of commercial and industrial refrigeration solutions.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

Carrier announced an agreement to sell Carrier commercial refrigeration equipment to Haier in December 2023.

Carrier Commercial Refrigeration has more than 4,000 global employees and a sales and service network spanning Europe and the Asia Pacific region. Its brands include Profroid, Celsior and Green & Cool. Carrier Transicold transport refrigeration, Sensitech and its Lynx digital cold chain platform are not included in the transaction.