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Carrier completed the acquisition of Viessmann Climate Solutions from Viessmann for €12bn.

Synopsis

Carrier, a multinational heating, ventilation, and air conditioning, refrigeration, and fire and security equipment corporation, completed the acquisition of Viessmann Climate Solutions, a company that focus on the efficient use of energy and support the customers in reducing their costs and protecting resources and the environment, from Viessmann, a manufacturer of heating and refrigeration systems, for €12bn. "The combination with Viessmann Climate Solutions creates the most comprehensive and differentiated suite of sustainable climate technologies and services in the industry today. The transaction, together with the planned exits of our Fire & Security and Commercial Refrigeration businesses, will transform Carrier's business into a higher growth business with a clear focus and mandate on global leadership in intelligent climate and energy solutions," David Gitlin, Carrier Chairman & CEO.

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