CAREL signs a binding agreement to acquire 82.4 per cent of Kiona share capital.
CAREL Industries S.p.A. has entered into a binding agreement to acquire a 82.4 per cent stake in Kiona Holding AS, a leading Norway-based Software as a Service (SaaS) provider.
Kiona provides solutions for energy consumption optimization and building digitalization in retail & industrial refrigeration, public, commercial and multi-residential facilities.
The wide range of digital solutions is aimed at the industrial and commercial refrigeration sectors, as well as multi-residential, commercial and public buildings, whether existing or newly built.
Kiona is able to integrate multiple systems and technologies, regardless of the supplier and the degree of evolution, fully expressing its potential in the areas of monitoring, optimization and continuous improvement of energy efficiency.
The transaction serves as a strategic move to further strengthen CAREL's positioning as a global leader in the HVACR industry.
Kiona is expected to materially enhance and accelerate the development of CAREL's software and digital services offering.