In July 2023 Kiona Holding AS, a leading Norway-based Software as a Service (“SaaS”) provider of prop-tech solutions, became part of the CAREL Group. Founded in 2021 following the aggregation of 5 synergistic companies boasting top notch software and digital competences, the company is headquartered in Trondheim and counts 17 offices across 8 countries.

Kiona is a leading Northern European provider of "SaaS" solutions for energy consumption optimization and building digitalization in retail & industrial refrigeration, public, commercial and multi-residential facilities. The goal is to reduce the environmental footprint of refrigeration systems and buildings through the control and optimization of energy usage.

The acquisition of Kiona has allowed CAREL to seize opportunities related to the increasing digitalization and shift towards servitization of the HVAC/R sector, in particular by strengthening its position in the digital services sector oriented towards energy efficiency. Furthermore, the combination of the two companies' know-how, expertise, and human capital has allowed to open up new business opportunities, both in the European market and overseas.