Haier Acquires Carrier Commercial Refrigeration for $775 Million

In a significant move within the global consumer electronics and home appliances market, Haier Smart Home Co., Ltd. has successfully completed its acquisition of Carrier Commercial Refrigeration. This acquisition, valued at approximately $775 million, marks a pivotal moment for Haier as it expands its reach into the commercial refrigeration sector. The deal was finalized on October 1, 2024, after securing all necessary regulatory approvals and meeting customary closing conditions.

Haier Smart Home, which is listed on the Shanghai, Hong Kong, and Frankfurt stock exchanges, is renowned for its innovative products and commitment to sustainability. The acquisition of Carrier Commercial Refrigeration, a subsidiary of Carrier Global Corporation, is expected to enhance Haier's product portfolio significantly. The technologies that Carrier brings, particularly in carbon dioxide refrigeration, are poised to contribute to environmental improvements and support the green transformation of enterprises.

Li Huagang, Chairman and CEO of Haier Smart Home, expressed enthusiasm about the acquisition, stating, "We are thrilled to welcome the 4,000+ Carrier Commercial Refrigeration employees into the Haier family." This sentiment underscores the importance of collaboration and integration as Haier aims to create a more sustainable solution provider in the industrial and food retail refrigeration sectors.

Marcus Eisenhuth, CEO of Carrier Commercial Refrigeration, also shared his excitement about the merger, highlighting the strong commitment from Haier to ensure a smooth transition. He noted, "Our team is astonished and touched by Haier's strong commitment and dedication to ensure a smooth business transition and obtaining all necessary approvals within the expected timeframe." This partnership is expected to foster synergies that will benefit both companies and their customers.

With this acquisition, Haier is not just broadening its product offerings; it is also enhancing its ability to provide comprehensive refrigeration solutions to a diverse clientele. The well-known brands under Carrier, such as Profroid, Celsior, and Green & Cool, will play a crucial role in this endeavor. Haier's focus on smart home solutions and customized production positions it well to meet the evolving needs of consumers and businesses alike.

As Haier Smart Home continues to innovate and expand, it is clear that the company is committed to leading the way in the smart home and refrigeration markets. The integration of Carrier Commercial Refrigeration into Haier's operations is expected to create a more robust and sustainable business model, ultimately benefiting consumers and the environment. This acquisition not only signifies growth for Haier but also reflects a broader trend in the industry towards sustainability and innovation.

The successful acquisition of Carrier Commercial Refrigeration by Haier Smart Home is a noteworthy development in the consumer electronics and home appliances sector. It highlights the importance of strategic partnerships in driving growth and innovation. As the world increasingly prioritizes sustainability, Haier's commitment to integrating environmentally friendly technologies into its product offerings will likely resonate well with consumers and businesses alike, paving the way for a greener future.