(Alliance News) - Carel Industries Spa on Monday evening signed a binding agreement to acquire a stake of more than 82 percent in Kiona Holding AS, a Norwegian prop-tech company.

The latter is active in providing Software as a Service solutions for optimizing energy consumption and digitizing buildings in the commercial and industrial refrigeration, as well as multi-residential, commercial and public sectors.

Carel Industries on Tuesday is 7.5 percent in the red at EUR23.95 per share

By Maurizio Carta, Alliance News reporter

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