Carrier announced it will acquire Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction valued at €12 billion ($13.2 billion). By acquiring Viessmann Climate Solutions, a 106-year-old privately owned German company, Carrier says it will gain a prestigious and high-end brand in Europe, which is the fastest-growing sector of the global heat pump and energy transition markets.
"The acquisition of Viessmann Climate Solutions is a game-changing opportunity," said David Gitlin, chairman and CEO of Carrier. "Climate change, sustainability requirements, and geopolitical factors are driving an unprecedented energy transition in Europe. Accelerated by government regulations and incentives, the transition creates a significant, long-term growth opportunity. Viessmann Climate Solutions is uniquely positioned to capitalize on this opportunity with its premier brand, highly differentiated distribution channel, and innovative product offerings.”