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Carrier, Midea Launch Residential Ductless Joint Venture

 

ATLANTA — Carrier and Midea America, a subsidiary of Midea Group Co., Ltd. announced the launch of Carrier Midea North America. The new joint venture will bring together Carrier’s extensive distribution network and Midea’s ductless development expertise to meet growing demand in North America for residential ductless HVAC systems. Carrier, part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE:UTX), will hold the majority ownership position.

Midea is a long-time global supplier of residential ductless HVAC systems to Carrier. Through the creation of the joint venture, Carrier and Midea will transform their existing supplier relationship into a long-term collaboration dedicated to better meeting North American demand for energy-efficient residential ductless solutions.

“The ductless HVAC segment continues to grow in North America as residential customers look to efficiently and easily address comfort in their home, from a single room to their entire home,” said Chris Nelson, president, North America HVAC Systems & Services, Carrier. “This relationship will provide homeowners and contractors with a better, more efficient ductless product portfolio they demand, backed by a global ductless system manufacturer, Midea.”

“We are pleased to be able to partner with an iconic brand with a well-established distribution channel in North America,” said Kurt Jovais, president, Midea America Corp. “The collaboration will help us reach more customers with our innovative and energy-efficient ductless systems.”

For additional information, visit carrier.com.