UTC Building & Industrial Systems Completes CIAT Acquisition

BRUSSELS, Jan. 6, 2015 — UTC Building & Industrial Systems has completed its acquisition of CIAT, a France-based heating, ventilating and air-conditioning (HVAC) company. UTC Building & Industrial Systems is a unit of United Technologies Corp. (NYSE: UTX), a leading provider to the aerospace and building systems industries worldwide.

"This strategic acquisition creates new opportunities in the European HVAC segment by enhancing the breadth of our portfolio and reach of our business," said Didier Da Costa, president, HVAC Europe, UTC Building & Industrial Systems. "The addition of CIAT’s talented workforce, technology assets and legacy of innovation strengthens our ability to serve our customers.”

“The acquisition has provided an exceptional opportunity for us to continue to serve our customers while developing the CIAT brand in a complex European sector,” said Francis Guaitoli, CEO, CIAT. “This move allows us to fully leverage our technological expertise and the capabilities of our employees.”

UTC Building & Industrial Systems first announced its intention to acquire CIAT in July 2014. With sales in more than 20 countries in Europe, CIAT now becomes part of the UTC Building & Industrial Systems’ European HVAC division, which provides HVAC systems and services to customers across Europe.

The terms of the transaction are not being disclosed.

 
About UTC Building & Industrial Systems

UTC Building & Industrial Systems is the world's largest provider of building technologies. Its elevator, escalator, fire safety, security, building automation, heating, ventilation, air conditioning and refrigeration systems and services promote integrated, high performance buildings that are safer, smarter and sustainable. UTC Building & Industrial Systems is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide.

This site uses two types of cookies:

 

1. Google Analytics Cookies for aggregate, anonymous statistics on the number of visits to the site. These cookies do not allow us to identify you. If you object to these anonymous cookies, click here to learn how to configure your browser to delete these cookies and prevent them from being placed again.

 

2. A Banner Cookie, which does not track or identify you, but rather makes this cookie banner appear just once.  Click ACCEPT to consent to the cookie, otherwise this banner will continue to appear. 

 

Accept