Carrier to drop bus business
Carrier
Corp. announced today it is selling its North American bus air-conditioning
division. The buyer is Mobile Climate Control.
Terms were not disclosed.
Mobile Climate Control is a subsidiary of Ratos AB, a Sweden-based financial investment company.
Carrier, which is owned by United Technology Corp., operates its bus business in York, Pa., where it has about 50 workers. After the deal is finalized in about 30 days, production will be moved from Carrier’s Athens, Ga., plant to a Mobile Climate facility.
"We're pleased that this combination with a leading supplier to the commercial vehicle industry will enhance the growth potential of this North American bus air-conditioning business," said Carrier President Geraud Darnis. "The transaction is a continuation of our strategy to increase focus on our core growth platforms."
Carrier sold its Sutrak international bus air-conditioning division in 2010.
Terms were not disclosed.
Mobile Climate Control is a subsidiary of Ratos AB, a Sweden-based financial investment company.
Carrier, which is owned by United Technology Corp., operates its bus business in York, Pa., where it has about 50 workers. After the deal is finalized in about 30 days, production will be moved from Carrier’s Athens, Ga., plant to a Mobile Climate facility.
"We're pleased that this combination with a leading supplier to the commercial vehicle industry will enhance the growth potential of this North American bus air-conditioning business," said Carrier President Geraud Darnis. "The transaction is a continuation of our strategy to increase focus on our core growth platforms."
Carrier sold its Sutrak international bus air-conditioning division in 2010.
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