Carrier completes the acquisition of Linde Refrigeration

On October 1, 2004, Carrier Corporation announced the completion of the acquisition of Linde Refrigeration, the European leader in commercial refrigeration and formerly a division of Linde AG, for 390 million USD. Linde's manufacturing facilities, with products including refrigerated display cases and industrial and commercial refrigeration systems, and sales network throughout Europe, Asia and South America will be part of Carrier's existing operations in the respective markets. Geraud Darnis, President of Carrier Corporation, stated that "The Carrier-Linde Refrigeration combined entity will provide customers around the world with a wider portfolio of high quality, technologically advanced commercial refrigeration choices; building on our complementary geographical footprints and product portfolios, we will be able to better satisfy the requirements of global customers".