Carrier Completes Acquisition of Addvolt, Enhancing its Electrification Solutions
Carrier Global Corporation (NYSE: CARR) has completed the acquisition of Addvolt, S.A., a Portuguese transport electrification technology company. Addvolt specializes in patented, non-invasive electric systems for refrigerated transportation, helping reduce emissions and fuel usage. The acquisition strengthens Carrier's electrification strategy by providing advanced technology, integrated power management, and real-time energy management software.
Addvolt, which was Carrier Ventures' first investment in 2022, has approximately 60 employees who will join Carrier's Climate Solutions Transportation segment. The company's technology is already being utilized in Europe through Carrier Transicold's Vector® eCool, the world's first fully autonomous electric trailer refrigeration system.
Carrier Global Corporation (NYSE: CARR) ha completato l'acquisizione di Addvolt, S.A., un'azienda portoghese specializzata in tecnologie per l'elettrificazione del trasporto. Addvolt si distingue per sistemi elettrici brevettati e non invasivi per il trasporto refrigerato, contribuendo a ridurre emissioni e consumo di carburante. Questa acquisizione rafforza la strategia di elettrificazione di Carrier, offrendo tecnologie avanzate, gestione integrata dell'energia e software per il monitoraggio energetico in tempo reale.
Addvolt, primo investimento di Carrier Ventures nel 2022, conta circa 60 dipendenti che entreranno a far parte del segmento Climate Solutions Transportation di Carrier. La tecnologia dell'azienda è già impiegata in Europa tramite Vector® eCool di Carrier Transicold, il primo sistema di refrigerazione per rimorchi completamente autonomo ed elettrico al mondo.
Carrier Global Corporation (NYSE: CARR) ha completado la adquisición de Addvolt, S.A., una empresa portuguesa especializada en tecnología para la electrificación del transporte. Addvolt se centra en sistemas eléctricos patentados y no invasivos para el transporte refrigerado, ayudando a reducir emisiones y consumo de combustible. Esta adquisición fortalece la estrategia de electrificación de Carrier al aportar tecnología avanzada, gestión integrada de energía y software de gestión energética en tiempo real.
Addvolt, que fue la primera inversión de Carrier Ventures en 2022, cuenta con aproximadamente 60 empleados que se unirán al segmento Climate Solutions Transportation de Carrier. La tecnología de la empresa ya se utiliza en Europa a través de Vector® eCool de Carrier Transicold, el primer sistema de refrigeración para remolques totalmente autónomo y eléctrico del mundo.
Carrier Global Corporation (NYSE: CARR)는 포르투갈의 운송 전기화 기술 회사인 Addvolt, S.A.의 인수를 완료했습니다. Addvolt는 특허받은 비침습적 전기 시스템을 냉장 운송에 적용하여 배출가스와 연료 사용을 줄이는 데 기여합니다. 이번 인수는 첨단 기술, 통합 전력 관리 및 실시간 에너지 관리 소프트웨어를 제공함으로써 Carrier의 전기화 전략을 강화합니다.
Addvolt는 2022년 Carrier Ventures의 첫 투자 대상이며, 약 60명의 직원이 Carrier의 Climate Solutions Transportation 부문에 합류할 예정입니다. 이 회사의 기술은 이미 유럽에서 Carrier Transicold의 Vector® eCool을 통해 사용되고 있으며, 이는 세계 최초의 완전 자율 전기 트레일러 냉각 시스템입니다.
Carrier Global Corporation (NYSE : CARR) a finalisé l'acquisition d'Addvolt, S.A., une entreprise portugaise spécialisée dans les technologies d'électrification du transport. Addvolt est experte dans les systèmes électriques brevetés et non invasifs pour le transport frigorifique, contribuant à réduire les émissions et la consommation de carburant. Cette acquisition renforce la stratégie d'électrification de Carrier en apportant une technologie avancée, une gestion intégrée de l'énergie et un logiciel de gestion énergétique en temps réel.
Addvolt, premier investissement de Carrier Ventures en 2022, compte environ 60 employés qui rejoindront la division Climate Solutions Transportation de Carrier. La technologie de l'entreprise est déjà utilisée en Europe via le Vector® eCool de Carrier Transicold, le premier système de réfrigération pour remorques entièrement autonome et électrique au monde.
Carrier Global Corporation (NYSE: CARR) hat die Übernahme von Addvolt, S.A., einem portugiesischen Unternehmen für Transport-Elektrifizierungstechnologie, abgeschlossen. Addvolt spezialisiert sich auf patentierte, nicht-invasive elektrische Systeme für den gekühlten Transport, die dazu beitragen, Emissionen und Kraftstoffverbrauch zu reduzieren. Die Übernahme stärkt Carriers Elektrifizierungsstrategie durch fortschrittliche Technologie, integriertes Energiemanagement und Echtzeit-Energiemanagement-Software.
Addvolt, die erste Investition von Carrier Ventures im Jahr 2022, beschäftigt etwa 60 Mitarbeiter, die zum Bereich Climate Solutions Transportation von Carrier wechseln werden. Die Technologie des Unternehmens wird bereits in Europa über Carrier Transicolds Vector® eCool eingesetzt, das weltweit erste vollständig autonome elektrische Kühlanhängersystem.
- Strategic acquisition enhances Carrier's electrification capabilities and technological innovation
- Integration of Addvolt's patented technology reduces emissions and fuel usage in refrigerated transportation
- Technology already proven successful through existing partnership with Vector® eCool system
- Acquisition brings valuable engineering talent and 60 employees to strengthen Carrier's team
- None.
Insights
Carrier's acquisition of Addvolt strengthens its position in transport refrigeration electrification, adding patented technology and specialized engineering talent to accelerate innovation.
This acquisition brings Addvolt's patented electric system technology in-house for Carrier, enhancing their transport refrigeration electrification capabilities. The press release highlights that Addvolt's plug-in electric systems reduce emissions of noise, particulates, nitrogen oxide and carbon dioxide while avoiding fuel usage—key benefits as environmental regulations tighten globally. Notably, Carrier and Addvolt already have market validation through their Vector® eCool system, described as "the world's first fully autonomous electric trailer refrigeration system" currently serving European customers.
Beyond the immediate refrigerated transportation applications, Carrier indicates this acquisition creates opportunities for "new and emerging applications," suggesting broader electrification ambitions. The addition of approximately 60 employees with expertise in electrification technology, power management, and energy management software provides Carrier with specialized engineering talent that complements their existing capabilities. This move represents a vertical integration strategy, bringing a key technology component under Carrier's direct control rather than relying on partnership arrangements.
Carrier's strategic acquisition of Addvolt follows their 2022 venture investment, bringing proven electrification technology in-house with immediate product integration benefits.
This acquisition follows a strategic "venture-to-acquisition" pathway, as Addvolt was Carrier Ventures' first investment in 2022. This approach likely reduced acquisition risk by allowing Carrier to closely evaluate the technology and team before full acquisition. While financial terms aren't disclosed, the acquisition scale (approximately 60 employees) suggests this is a targeted technology and talent acquisition rather than a major financial transaction for Carrier.
The strategic rationale centers on strengthening Carrier's electrification capabilities by acquiring Addvolt's technology portfolio, which includes patented systems, integrated power management, power electronics, and energy management software. The existing commercial integration—Addvolt's technology already powers Carrier's Vector eCool system in Europe—indicates immediate product synergies without lengthy development cycles.
For Carrier's stakeholders, this acquisition represents tangible progress in the company's electrification strategy, potentially positioning them to capture market share as emissions regulations drive increased demand for electric transport refrigeration solutions. The acquisition also demonstrates how Carrier's venture capital arm supports their corporate strategy, identifying and then acquiring technologies aligned with their growth objectives.
Addvolt offers patented, non-invasive, low-maintenance electric systems for use with refrigerated vans, trucks, trailers and containers. Its plug-in electric systems for refrigerated transportation markets avoid fuel usage and reduce major emissions, including noise, particulates, nitrogen oxide and carbon dioxide.
"By combining Addvolt's deep expertise in electric systems and power management with Carrier's industry-leading solutions, we are well-positioned to drive innovation beyond refrigerated transportation," said Edward Dryden, President, Climate Solutions Transportation, Carrier. "This strategic partnership creates opportunity for new and emerging applications, while also continuing to build on the success we've already achieved together."
Addvolt strengthens Carrier's electrification strategy by providing advanced electrification technology, integrated power management and power electronics capabilities, connected in real time by its value-added energy management software, as well as innovative engineering talent. The technology is already in use by Carrier Transicold customers in
"We are thrilled to join forces with a global industry leader, marking an exciting new chapter for Addvolt to push the boundaries of our technological innovation," said Bruno Azevedo, Addvolt Co-founder and Chief Executive Officer. "We are proud of what we have built and are confident that, together with Carrier, we will further advance in our mission to advance electrification."
Founded more than a decade ago, Addvolt was the first investment by Carrier Ventures, the company's global venture capital arm, in 2022. Carrier Ventures' early investment in Addvolt reflects its strategy to identify and scale differentiated technologies aligned with Carrier's growth strategy.
Headquartered in
Linklaters LLP provided external legal counsel to Carrier in this transaction. White Peak Partners acted as financial advisor and CVG Legal as legal counsel to Addvolt in this transaction.
About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.
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SOURCE Carrier Global Corporation
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