Carrier Portfolio Transformation into Pure-Play Climate Solutions

Carrier is executing a portfolio transformation to become a high-growth, focused intelligent climate and energy solutions company, emphasizing electrification and energy transition. This involves acquiring Viessmann Climate Solutions and divesting its Fire & Security and Commercial Refrigeration businesses.

“In 2023, we announced our intention to complete a number of transactions designed to transform our portfolio and to facilitate our evolution into a high-growth and focused intelligent climate and energy solutions company, with an increased focus on electrification and energy transition mega-trends, and a global leader in HVAC and refrigeration (“HVACR”) and energy solutions. These portfolio transformation activities are primarily comprised of the acquisition of the VCS Business (as defined below) and exits from certain of our historical lines of business, as discussed below.”

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