FARMINGTON, Conn., Aug. 24 -- Carrier Corp. has sold Micro Thermo Technologies, a Canada-based manufacturer of refrigeration controls for supermarket applications, to Parker Hannifin Corp. (NYSE:PH). Carrier Corp., a unit of United Technologies Corp. (NYSE:UTX), is the world's leader in high technology heating, air-conditioning and refrigeration solutions, improving the world around us through engineered innovation and environmental stewardship.
Micro Thermo is based in Quebec, Canada and had 2009 revenues of approximately $10 million and 50 employees.
"Micro Thermo has a strong reputation for supermarket refrigeration controls in Canada," said Geraud Darnis, president, Carrier Corp. "We're pleased that its combination with Parker Hannifin will enhance its growth potential."
This transaction follows Carrier's exit over the last year from the North American commercial refrigeration segment as part of its strategy to increasingly focus on its core growth platforms.
About Carrier Corp.
Carrier Corp. is the world's leader in high technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Founded by the inventor of modern air conditioning, Carrier improves the world around us through engineered innovation and environmental stewardship. Carrier is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. Visit www.carrier.com for more information.
Source: Carrier Corp.
Web Site: www.carrier.com/