World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Carrier completes Viessmann purchase

USA/GERMANY: Carrier has completed the €12bn acquisition of German manufacturer Viessmann Climate Solutions, following the deal’s clearance by the European Commission in December.

The deal, which was first announced in April 2023, adds Viessmann’s gas heating, air conditioning and heat pumps products to the Carrier portfolio. 

Carrier described the transaction as “another meaningful step forward” in its portfolio transformation, further strengthening its global leadership position in intelligent climate and energy solutions.

“The combination adds a premier brand with a differentiated direct-to-installer channel model and a key leading provider of highly efficient and renewable climate solutions with a 100+ year record of innovation and sustainability to Carrier’s existing portfolio,” Carrier said in a statement.

“Viessmann Climate Solutions’ highly talented 12,000 team members further strengthen Carrier’s position as the leading HVAC provider globally, now positioning Carrier in the fast-growing residential and light commercial space in Europe,” it added.

Thomas Heim, who previously led Viessmann Climate Solutions, will lead Carrier RLC HVAC in Europe, the Middle East and Africa, which includes Viessmann Climate Solutions and Carrier’s RLC business in the region, including Riello.

Max Viessmann, CEO of Viessmann Group, joins Carrier’s board of directors with immediate effect.

“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,” said Carrier chairman and CEO David Gitlin.”

Carrier entered into a definitive agreement to sell its Carrier Commercial Refrigeration business to Chinese manufacturer Haier for $775m last month.

Related stories:

Carrier sells refrigeration business to Haier13 December 2023
USA/CHINA: Carrier Global Corporation has entered into a definitive agreement to sell its Carrier Commercial Refrigeration business to Chinese manufacturer Haier for $775m. Read more…

Latest News

26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.