Carrier completed the acquisition of Guangdong Giwee Group.

Carrier, a provider of heating, air-conditioning and refrigeration solutions, completed the acquisition of Guangdong Giwee Group, a China-based HVAC manufacturer. Financial terms were not disclosed. "Carrier and Giwee Group share a strong commitment to build high-quality businesses that achieve sustainable long-term growth. With Carrier's significant technical and R&D capabilities and global networks, we look forward to working with Carrier to identify more growth opportunities," Quan Zhang, Giwee Group CEO.