CAREL completes the acquisition of 51% of the share capital of CFM Soğutma ve Otomasyon A.Ş

The transaction has been successfully completed following the green light given by The Turkish antitrust authority, and CAREL has officially acquired a 51% stake in CFM Soğutma ve Otomasyon A.Ş, its distributor and historical partner in Turkey. CFM is a provider of digital and on-field services and complete solutions with high added value for OEMs, contractors and end users in the Turkish HVAC and refrigeration market.