Carrier Global Corporation
Carrier Completes Acquisition of Viessmann Climate Solutions
Summary
On January 2, 2024, Carrier Global Corporation completed the acquisition of Viessmann Climate Solutions SE, a leading provider of climate solutions, for EUR 10.2 billion in cash and 58,608,959 common shares. As part of the deal, Maximilian Viessmann, CEO of Viessmann Group, was appointed to Carrier's Board of Directors. The acquisition is expected to enhance Carrier's position in intelligent climate and energy solutions.
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About Carrier Global Corporation
Carrier Global Corporation is a leading provider of heating, ventilating, and air conditioning (HVAC), refrigeration, and fire and security solutions on a global scale. Its primary function revolves around creating a comfortable, safe, and sustainable environment by delivering high-technology HVAC and refrigeration solutions. Originating from the historic invention of the modern air conditioner in 1902, Carrier has continued to be at the forefront of HVAC innovation. The company’s offerings are vital across various sectors, impacting residential, commercial, industrial, and transportation markets by ensuring energy-efficient, reliable climate control systems. Carrier Global Corporation also emphasizes smart and hands-off security solutions, offering products that integrate advanced technologies to protect businesses and homes. In the financial market, Carrier holds a significant position as a part of the S&P 500 index, denoting its substantial market capitalization and influence. Through its continuous commitment to innovation and sustainability, Carrier Global Corporation remains a pivotal entity in addressing global environmental challenges and energy efficiency needs.
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