CAREL Acquires 70% of the Share Capital of Arion

On April 22, 2022, CAREL announced that it has acquired a further 30% of the share capital of Arion, the joint venture (JV) based in Bolgare (Bergamo Province Italy), established in 2015 between CAREL and Bridgeport with the aim of developing sensor technology expressly dedicated to the air conditioning and refrigeration (AC&R) sectors. Bridgeport’s sale of this stake to CAREL brings the Group’s total shareholding to 70%, while the remaining 30% is held by Bridgeport.