Carrier is to sell its bus air-conditioning business in the US and Canada to Mobile Climate Control, a subsidiary of Ratos AB, a Sweden-based financial investment company.
Carrier's North American bus air-conditioning business, headquartered in York, Pa., had sales of approximately $60 million in 2010 and approximately 50 employees. It serves transit, inter-city, and school bus customers in the U.S. and Canada with a full line of rooftop, rear-mount and split system bus air-conditioning systems. After the transaction closes, production will move to Mobile Climate Control from Carrier's manufacturing facility in Athens, Georgia.

Geraud Darnis, president at Carrier said: 'We're pleased that this combination with a leading supplier to the commercial vehicle industry will enhance the growth potential of this North American bus air-conditioning business' he added 'the transaction is a continuation of our strategy to increase focus on our core growth platforms.'

Last year, Carrier had sold its Sütrak bus air-conditioning business that had operations outside of the United States and Canada. The current transaction is expected to close in 30 days, subject to customary closing conditions.