EC Approves Carrier's Acquisition Of Germany's Linde Refrigeration

Geraud Darnis, president of Carrier.
FARMINGTON, Conn. - Carrier Corp., a division of United Technologies Corp., announced that the European Commission in Brussels has approved the company's intended acquisition of Linde Refrigeration (Cologne, Germany), a division of Linde AG (Weisbaden, Germany).

The approval is a key requirement for completion of the agreement reached on March 15, 2004. The company anticipates the pending legal procedures to result in approval as well.

"With this regulatory approval, we expect closing the transaction within the next three months," said Geraud Darnis, president of Carrier. "Refrigeration is a core business at Carrier and this acquisition will be a synergistic fit to our existing operation. The Carrier/Linde combination will allow us to provide a more comprehensive range of products and services."

Under the agreement, Carrier will acquire Linde Refrigeration for approximately $390 million, which includes estimated debt upon closing. Linde Refrigeration employs 6,300 people with annual sales of approximately $1 billion.

Publication date: 07/19/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: John Lanier

John Lanier of North American Technician Excellence (NATE) stops by the NEWS’ booth at the AHR Expo to discuss NATE’s presence at the show, what’s coming up in 2015, and much more. Posted on Feb. 20.

More Podcasts

ACHRNEWS

NEWS 02-23-15 cover

2015 February 23

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Mobile Workforce

Mobile devices and field management software are spreading in the HVAC industry. Are you utilizing this technology?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con