Know what you want? Try our 'Supplier Directory' 

Carrier completes acquisition of Viessmann Climate Solutions

Carrier Global Corporation has announced that it has completed its acquisition of Viessmann Climate Solutions from the Viessmann Group. The transaction marks a step forward in Carrier’s portfolio transformation, further strengthening the company’s 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. Viessmann Climate Solutions’ 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 (RLC) 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 & chief executive David Gitlin. “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.” 

Effective immediately, Max Viessmann, chief executive 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.” 

The addition of Viessmann Climate Solutions positions Carrier as a digitally enabled, scalable, end-to-end sustainable climate and energy solutions provider that addresses all heating, cooling, renewables, solar PV, battery storage and energy management needs for the home. 

11 January 2024

Comments

Already Registered?
Login
Not Yet Registered?
Register

The deadline is looming! Enter the HVR Awards 2024 now

With the 31 May deadline fast approaching, it's time to get your entries in for the HVR Awards 2024. Celebrating 15 years since its launch, this is expected to be a bumper year for the prestigious scheme which recognises excellence from across the ...

  16-May-2024
ACR News

Hampshire based hydronics specialist expanding sales of ESBE products

The long-standing relationship between ESBE Group, the Swedish manufacturer of hydronics solutions and its Southampton based customer, ESSCO, is flourishing afresh as the latter company settles into new premises offering the space, facilities and ...

  22-May-2024

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards 2024