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M&A Deal Summary

Carrier Acquires Addvolt

On May 2, 2025, Carrier acquired electronics company Addvolt

Acquisition Highlights
  • This is Carrier’s 2nd transaction in the Electronics sector.
  • This is Carrier’s 1st transaction in Portugal.

M&A Deal Summary
Date 2025-05-02
Target Addvolt
Sector Electronics
Buyer(s) Carrier
Deal Type Add-on Acquisition
Advisor(s) White Peak Capital (Financial)
CVG Legal (Legal)

Target

Addvolt

Porto, Portugal
Addvolt is a transport electrification technology company that offers patented, non-invasive, low-maintenance electric systems for use with refrigerated vans, trucks, trailers, and containers. Its plug-in electric systems for refrigerated transportation markets avoid fuel usage and reduce major emissions, including noise, particulates, nitrogen oxide and carbon dioxide.

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Buyer(S) 1

Buyer

Carrier

Palm Beach Gardens, Florida, United States
Category Company
Founded 2019
Sector Machinery
Employees48,000
Revenue 22.5B USD (2024)
DESCRIPTION
Carrier research center in Jupiter, Florida.
Carrier research center in Jupiter, Florida.

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was founded in 2019 and is based in Palm Beach Gardens, Florida.

DEAL STATS #
Overall 15 of 15
Sector: Electronics M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 13
Country: Portugal M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Kidde Global Solutions

Mebane, North Carolina, United States

Kidde Global Solutions offers advanced solutions and services to protect people and property in a wide range of applications, from complex commercial facilities to homes. Kidde Global Solutions unifies some of the most trusted and iconic brands in fire and life safety, including Kidde, Kidde Commercial, Edwards, GST, Badger, Gloria, and Aritec. Kidde Global Solutions is based in Mebane, North Carolina.

Sell $3.0B
Mergr

Solution for

Product

Company

Legal