Carrier exits Turkish JV to assume its own distribution
10th August 2026
TÜRKIYE: Carrier is to sell its minority interest in the Alarko Carrier joint venture to Alarko Holding and assume distribution of its own products in the country.
Alarko Carrier is a major Turkish manufacturing and engineering company specialising in HVAC systems. Founded in 1954, it formed a joint venture with Carrier in 1998. Carrier is believed to hold a 42.03% interest in the company.
Following the completion of the transaction, Carrier says it will implement a new operating model in the country and assume distribution of its Carrier and Toshiba branded products, including aftermarket services.
Alarko currently offers its own-brand HVAC products in addition to Carrier/Toshiba air conditioners and heat pumps.
Carrier maintains that the move is in line with its broader portfolio transformation, simplifying operations, strengthening execution and bringing the business closer to customers.
“In Türkiye, this evolution will support a clearer, more integrated HVAC offering across Carrier, Toshiba and Viessmann solutions, spanning residential, light commercial and commercial segments,” Carrier said in a statement.
“Türkiye is an important growth market for Carrier, and this step reinforces our long-term commitment to customers and partners in the region,” added Faiz Afzal, Carrier Climate Solutions Europe vice president of sales.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Following completion, Carrier will continue to deliver its portfolio of Viessmann solutions while expanding access to its broader HVAC offering, with Carrier and Toshiba products, including aftermarket services. Carrier will assume responsibility for channel relationships and continue serving customers through its existing etwork, supported by Viessmann Climate Solutions.
Carrier’s headquarters in Türkiye will remain in Istanbul.
