Carrier Acquires Toshiba Carrier Corporation
August 3, 2022 | By Logan Caswell
Roughly 6,600 TCC employees will continue to work under Carrier.
(Photo provided by: Carrier)
Carrier has announced the acquisition of Toshiba Carrier Corporation (TCC). TCC is a provider of residential and light commercial HVAC solutions, including VRF and heat pump products.
“This acquisition presents tremendous growth opportunities for Carrier in the fast-growing, energy-efficient VRF and heat pump markets,” said David Gitlin, Chairman & CEO, Carrier. “Toshiba Carrier’s differentiated technology, strong channel and global design and manufacturing footprint allow us to benefit from growing electrification and sustainability trends. We are thrilled to welcome the 6,600 talented TCC employees to the Carrier family.”
Building on Carrier’s previous acquisition of Guangdong Giwee Group, TCC will join the newly created Global Comfort Solutions business unit within Carrier’s HVAC segment. The new business will be headquartered in Tokyo under the leadership of Saif Siddiqui, who will report directly to HVAC segment President Chris Nelson. Mr. Toru Kubo, who has served as President & CEO of TCC, will be joining the Global Comfort Solutions leadership team reporting to Siddiqui.
