(Finance) – Carel Industries has completed the acquisition of a further 30% of the share capital of Arion, the Joint Venture based in Bolgare (BG), born in 2015 between Carel and Bridgeport the goal of developing sensors specifically dedicated to the air conditioning and refrigeration sectors.
The sale of the aforementioned stake by Bridgeport to Carel brings the Group’s total stake to 70%, with the remaining 30% held by Bridgeport.
The operation – explains a note – is consistent with the long-term strategy of the Group since the use of increasingly advanced sensors will make the equipment more efficient, more reliable and more connected with the ecosystem in which they are inserted, also facilitating
the activation of digital services. It will also lead to greater integration between Arion and Carel, with improved focus
on those applications that show significant growth trends, while allowing greater investments in
terms of personnel and know-how.
The consideration for the acquisition of 30% of the share capital of the aforementioned company is approximately Euro 1.2 million.