CAREL Completes the Acquisition of 51% of the Share Capital of CFM

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, 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 original equipment manufacturers (OEMs), contractors and end-users in the Turkish HVAC&R market.