Carrier Continues Customer–Focused Strategy in Türkiye Through New Operating Model-

"Türkiye is an important growth market for Carrier, and this step reinforces our long-term commitment to customers and partners in the region," said Faiz Afzal, Vice President, Sales, Carrier Climate Solutions Europe. "This evolution creates one face to the customer, bringing together a broad HVAC portfolio, industry-leading service and a powerful partner ecosystem. We sincerely thank Alarko for a successful partnership spanning many years and the strong foundation we have built together. Our focus now is simple: deliver continuity for our customers and partners while accelerating growth and creating new opportunities for the future."

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Following completion, Carrier will continue to deliver its portfolio of Viessmann solutions while expanding access to its broader HVAC offering, with Carrier and Toshiba products, including aftermarket services. Carrier will assume responsibility for channel relationships and continue serving customers through its existing expansive network, supported by its VCS entity. Carrier's headquarters in Türkiye will remain in Istanbul, and Carrier, Toshiba and Viessmann teams will be co-located to best serve customers and partners.

For more information, visit www.carrier.com/commercial/en/eu/about/carrier-europe/.