In terms of regulation 5(4) of the Control of Concentrations Regulations, 2002 published in Legal Notice 294 of 2002, the Director General of the Office for Competition notifies for general information that a notification of a concentration between Carrier Corporation (Florida, United States) and Toshiba Carrier Corporation (Kanagawa, Japan) (“the Parties”) was filed on Monday, 4 April 2022.
The nature of the concentration is an acquisition of sole control over Toshiba Carrier Corporation by Carrier Corporation.
Carrier Corporation is a wholly-owned subsidiary of Carrier Global Corporation, which is mainly involved in the manufacturing and distribution of various equipment including but not limited to refrigeration products, heating, ventilation and air-conditioning (“HVAC”). Toshiba Carrier Corporation, a full function joint venture created by Carrier Corporation and Toshiba Corporation, manufactures flexible, energy-efficient and high-performance VRF and light commercial HVAC systems. In Malta, the Parties are present in the markets for HVAC systems for buildings.
The Director General of the Office for Competition invites interested third parties to submit their written objections on this notified concentration within seven days from publication of this notice at the following address: