Carrier owner UTC Building & Industrial Systems has completed its acquisition of CIAT, a France-based heating, ventilating and air-conditioning company.
Didier Da Costa, president, HVAC Europe, UTC Building & Industrial Systems: “This strategic acquisition creates new opportunities in the European HVAC segment by enhancing the breadth of our portfolio and reach of our business.
“The addition of CIAT’s talented workforce, technology assets and legacy of innovation strengthens our ability to serve our customers.”
“The acquisition has provided an exceptional opportunity for us to continue to serve our customers while developing the CIAT brand in a complex European sector,” said Francis Guaitoli, CEO, CIAT.
“This move allows us to fully leverage our technological expertise and the capabilities of our employees.”
UTC Building & Industrial Systems first announced its intention to acquire CIAT in July 2014.
The terms of the transaction are not being disclosed.