Carrier, a provider of building and cold chain solutions, completed the acquisition of a 55% stake in Toshiba Carrier, a provider of air conditioning solutions, from Toshiba, a Japanese multinational conglomerate, for $868m. "Carrier sees significant growth potential in the global VRF, light commercial and heat pump segments and is excited by the opportunity to expand our business through this strategic acquisition. TCC's proven R&D expertise, strong global brand and talented employees will be tremendous additions to Carrier's multi-brand channel strategy. We look forward to offering complementary, high-performance and sustainable solutions to our customers that will help them achieve their environmental goals," Dave Gitlin, Carrier Chairman and CEO.