CAREL

CAREL is a pioneering entity in the domain of control solutions for HVAC/R systems, steering innovation in energy efficiency fused with IoT technology. Established in 1973 and headquartered in Italy, CAREL has expanded its global footprint with operations across the Americas, Asia Pacific, Africa, and Europe, supported by an impressive network including 38 subsidiaries and 15 production sites.

In 2023, the company achieved a remarkable milestone with consolidated sales surpassing 650.2 million euros, marking a substantial 19.3% increase from the previous year. A significant 80% of these sales are derived from exports serving over 4,000 customers globally. The company’s extensive product line includes 6,200 active products, with an annual production exceeding 7 million units.

CAREL allocates 5% of its sales to Research & Development (R&D), emphasizing innovation to meet evolving customer demands. The R&D efforts are bolstered by two dedicated research labs focusing on thermodynamics and humidification. Employing over 2,000 staff, of whom approximately 25% are engaged in R&D, underscores the company’s commitment to industry excellence and sustained growth. Notably, no recent investments or investor engagements have been made public.