Carrier Finalizes Acquisition of Guangdong Giwee Group, China-based HVAC Manufacturer

CHARLOTTE,N.C.,Sept. 7,2021 -- Carrier today announced it has completed the acquisition of the remainder of Guangdong Giwee Group (Giwee Group) and its subsidiaries,including Guangdong Chigo Heating & Ventilation Equipment Co.,Ltd. The acquisition follows Carrier's announcement on June 3,2021 of the acquisition of a controlling interest in the Giwee Group. Carrier is a partof Carrier Global Corporation(NYSE: CARR),the leading global provider of healthy,safe,sustainable and intelligent building and cold chain solutions.

The Giwee Group is a China-based manufacturer of heating,ventilation and air conditioning products,offering a portfolio of high-quality products such as variable refrigerant flow,modular chiller and light commercial air conditioning solutions.

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Contact:

Danielle Canzanella

860-221-8457

Danielle.Canzanella@Carrier.com