Carrier, a Palm Beach Gardens, FL-based company providing climate and energy solutions, acquired Addvolt, S.A., a Porto, Portugal-based transport electrification technology company.
The amount of the deal was not disclosed.
With the acquisition, Carrier will expand its offerings.
Led by CEO Bruno Azevedo, Addvolt offers patented, non-invasive, low-maintenance electric systems for use with refrigerated vans, trucks, trailers and containers. Its plug-in electric systems for refrigerated transportation markets avoid fuel usage and reduce major emissions, including noise, particulates, nitrogen oxide and carbon dioxide.
Founded more than a decade ago, Addvolt was the first investment by Carrier Ventures, the company’s global venture capital arm, in 2022.
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