Nov. 12, 2013: Carrier Announces Joint Venture with Bosch to Offer Geothermal Heat Pumps
Products Will Be Developed and Manufactured at Joint Venture’s Florida Heat Pump Manufacturing Plant
FARMINGTON, Conn. — Carrier has signed an agreement with Robert Bosch North America Corp. to form a joint venture to develop and manufacture geothermal and water-source heat pumps for the North American residential and commercial markets. Completion of the transaction is pending necessary regulatory approvals. Financial terms of the agreement were not disclosed.
With sales of geothermal heat pumps expected to nearly triple by 2020, said Carrier, it entered into the agreement to enhance its offerings and service to the growing market. Carrier geothermal and water-source heat pumps will be developed and manufactured at the joint venture’s Florida Heat Pump manufacturing plant in Fort Lauderdale, Fla. Sales channels and the respective brands for each company will remain independent of one another.