The acquisition adds to the American company's HVAC portfolio, which already includes brands such as Vokera and Riello.

The combination adds a brand with a differentiated direct-to-installer channel model and a leading provider of highly efficient and renewable climate solutions with a 100+ year history to Carrier’s existing portfolio.

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

“The combination with Viessmann Climate Solutions creates the most comprehensive and differentiated suite of sustainable climate technologies and services in the industry today,” said Carrier Chairman and CEO David Gitlin. “The transaction, together with the planned exits of our fire and 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.” 

Effective immediately, Max Viessmann, CEO of Viessmann Group, joins Carrier’s Board of Directors. “I look forward to working closely with Dave and his leadership team as well as my fellow Board Directors, to build a future-proof, truly global, climate champion,” said Viessmann. “I could not be more excited about this combination, which lays the perfect basis to capture growth opportunities and maximize impact for generations to come.”