HARTFORD, Conn. - Carrier has reached an agreement to acquire German company Linde AG's refrigeration division, a European leader in commercial refrigeration with sales of approximately $1 billion.
Linde's refrigeration division - headquartered in Cologne, Germany, with manufacturing facilities in Europe, Asia, and South America - produces commercial refrigeration systems and refrigerated display cases and subsystems. Carrier is reported to have paid 255 million euros ($305 million) and to have assumed another 70 million euros ($85 million) in pension and other obligations.