CHICAGO — Carrier Corp. made a minority equity investment in ecobee Inc., marking an expansion in the parties’ strategic relationship following their collaboration to create the new Wi-Fi-enabled Carrier® Côr™ thermostat.
“The Carrier team is excited by the opportunities this relationship will provide,” said Chris Nelson, president, North American HVAC, Carrier. “By bringing together the strengths of both companies — from Carrier’s experience in manufacturing heating and cooling products to ecobee’s leadership and innovation in smart thermostats — our customers will benefit as we provide even more advanced offerings for the smart home of today and tomorrow.”
“Being selected as the thermostat technology to power the Carrier Côr thermostat is significant validation and testament to the technology ecobee has been developing since 2007,” said Stuart Lombard, CEO, ecobee. “This strategic relationship with Carrier will help put ecobee’s energy-saving technologies into more homes across America.”
Terms and details of Carrier’s equity investment in ecobee were not disclosed.
Publication date: 2/9/2015