Management

Carrier Corp. to sell bus air conditioning business

Posted on March 22, 2011

FARMINGTON, Conn. — Carrier Corp. has entered into an agreement to sell its bus air conditioning business in the U.S. and Canada to Mobile Climate Control (MCC), a provider of climate control solutions to the commercial vehicle industry.

Carrier's North American bus air conditioning business, headquartered in York, Pa., had sales of approximately $60 million in 2010 and approximately 50 employees, company officials said. It serves transit, intercity and school bus customers in the U.S. and Canada with a full line of rooftop, rear-mount and split system bus air conditioning systems.

Officials said that the transaction is expected to close in 30 days, subject to customary closing conditions. After the transaction closes, production will transition from Carrier's manufacturing facility in Athens, Ga., to Mobile Climate Control.

"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 Geraud Darnis, president of Carrier Corp. "The transaction is a continuation of our strategy to increase focus on our core growth platforms."

"The acquisition of Carrier's bus business greatly enhances MCC's offer to our customers by strengthening the product portfolio with a complete range of air conditioning products as well as providing a network of dealers and service providers all across the U.S. and Canada," added Clas Gunneberg, president and CEO of MCC Group.

Last year, Carrier sold its Sütrak bus air conditioning business that had operations outside of the U.S. and Canada.

Related Topics: air conditioning

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