26 April 2023
Carrier Global Corporation (NYSE: CARR) announced that it will acquire Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction valued at €12 billion, subject to working capital and other adjustments.
Viessmann Climate Solutions provides Carrier with an iconic, premium brand in the highest growth segment of the global heat pump and energy transition markets.
In addition, Carrier announced plans to exit its Fire & Security and Commercial Refrigeration cabinet businesses over the course of 2024.
Carrier plans to finance Viessmann acquisition through 80% cash and 20% in Carrier common stock.
More, Source: Company’s Press Release