The Carrier Corporation will expand its global operations with the acquisition of its long-term partner Addvolt, S.A., a Portuguese transport electrification technology company.
Addvolt provides patented, non-invasive, low-maintenance electric systems for use with refrigerated vans, trucks, trailers and containers.
The Portuguese company’s plug-in electric systems for refrigerated transportation markets negate the use of fuel and reduce major emissions, including noise, particulates, nitrogen oxide and carbon dioxide.
“By combining Addvolt’s deep expertise in electric systems and power management with Carrier’s industry-leading solutions, we are well-positioned to drive innovation beyond refrigerated transportation,” said Carrier’s President of Climate Solutions Transportation, Edward Dryden.
“This strategic partnership creates opportunity for new and emerging applications, while also continuing to build on the success we’ve already achieved together.”
In turn, the Addvolt acquisition strengthens Carrier’s electrification strategy by providing advanced electrification technology, integrated power management and power electronics capabilities connected in real-time by its energy management software and engineering talent.
The technology has already been implemented by Carrier Transicold customers in Europe utilising the Vector eCool system, the world’s first fully autonomous electric trailer refrigeration system.
“We are thrilled to join forces with a global industry leader, marking an exciting new chapter for Addvolt to push the boundaries of our technological innovation,” said Addvolt Co-founder and CEO, Bruno Azevedo.
“We are proud of what we have built and are confident that, together with Carrier, we will further advance in our mission to advance electrification.”
Headquartered in Porto, Portugal, Addvolt has approximately 60 employees who will join the Carrier Climate Solutions Transportation segment.
Addvolt was the first investment by Carrier Ventures, the company’s global venture capital arm, in 2022, which reflected Carrier’s strategy to incorporate different technologies aligned with its corporate growth strategy.
In other news: Carrier Transicold launches smart app.
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