World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

French manufacturer CIAT for sale?

The CIAT factory in Culoz, France
The CIAT factory in Culoz, France

FRANCE: Unconfirmed reports suggest that French air conditioning manufacturer CIAT is for sale with Carrier, Bosch and Climaveneta all said to be interested.

While the French manufacturer has made no comment, the French trade union CFDT is said to have requested an emergency appointment with Jean-François Carenco, prefect of the Rhône-Alpes region “before damaging decisions are made” and the company dismantled.

Following the collapse and this week’s subsequent sale of the assets of fellow French air-conditioning manufacturer Airwell, the sale of CIAT would be seen as a further blow to the French industry.

Founded in 1934 as Compagnie Industrielle d’Applications Thermiques, or CIAT, the company is still largely in the control of descendants of the founding family: Jean-Pierre Falconnier – son of the founder Jean Falconnier – is chairman of the supervisory board, with Francis Guaitoli as chairman of the executive. Around 40% of the shares were sold to investment group Somfy in 2008.

CIAT has four factories in France as well as plants in China, Spain and Italy. It employs a workforce of over 2,000 and achieved a turnover of €256m last year.

Latest News

27th February 2024

Leak detection software attracts $5m funding

USA: The refrigerant leak detection software created by San-Jose-based Axiom Cloud has attracted $5m in funding to accelerate deployment of the technology.
27th February 2024

Midea opens showroom in New York

USA: Chinese air conditioning and heat pump manufacturer Midea has opened its first national showroom and distribution centre in New York.
27th February 2024

European heat pump sales down 5% in 2023

EUROPE: After a decade of increases, heat pump sales in Europe fell by around 5% in 2023 – and market analysts are expecting this downward trend to continue this year.
26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.