UTC acquires Australian joint venture
31st May 2016
AUSTRALIA: United Technologies has acquired the commercial HVAC product sales and commercial service divisions of its joint venture business AHI-Carrier (Australia) Pty Ltd.
The newly acquired organisation will become Carrier Australia Pty Ltd (Carrier Australia), a part of UTC’s Climate, Controls & Security division.
AHI Carrier is a joint venture formed in 2008 between Carrier and AHI, part of the UAE-based Darwish Bin Ahmed Group. The partnership between Carrier and AHI dates back to December 1997 when the first agreement was signed for distribution of Carrier products in Russia and all of the CIS countries. The joint venture grew to record a presence in 42 countries including Middle East, Central and South Eastern Europe, Australia, New Zealand and South Africa.
Carrier Australia operates in nine locations, offering a wide range of commercial HVAC solutions and services. UTC says that as part of its Controls & Security division, Carrier Australia will have direct access to established global Carrier operations, factories and engineering centres, leading to closer collaboration and even stronger product offerings for customers.
“For Carrier Australia, the acquisition will facilitate closer collaboration as well as more direct access to UTC Climate, Controls & Security’s global resources in terms of products, engineering, sales and marketing initiatives,” said John Sherry, managing director, Carrier Australia.
The remaining residential, light commercial and Totaline parts business segments have transferred to a new entity, AHIC (Australia) Pty Ltd, which will continue to be owned by AHI-Carrier FZC.
