"Today's announcement is possible because the incoming Trump-Pence administration has emphasized to us its commitment to support the business community and create an improved, more competitive U.S. business climate. The incentives offered by the state were an important consideration," Carrier said in a Wednesday statement.
Vice President-elect Mike Pence is a former governor of Indiana.
CNBC first broke news of the deal late Tuesday and that the president-elect is expected to travel to Indiana on Thursday to announce it.
While the company applauded Trump and his team for its commitment to the domestic business environment, Carrier also seemed to take a jab at the president-elect for his stance on trade deals.
"This agreement in no way diminishes our belief in the benefits of free trade and that the forces of globalization will continue to require solutions for the long-term competitiveness of the U.S. and of American workers moving forward," Carrier said in its statement.
During the presidential campaign, Trump pledged to renegotiate what he considered "failed trade policies," including the 1994 North American Free Trade Agreement which he called a "disaster."