Carrier to Acquire Viessmann Climate Solutions for EUR 12 Billion

Carrier Global Corporation announced a definitive agreement to acquire Viessmann Group's climate solutions business, Viessmann Climate Solutions SE, for EUR 12 billion. The consideration consists of EUR 9.6 billion in cash and 58,608,959 shares of Carrier common stock. The deal is expected to close around the end of 2023.

“On April 25, 2023, Carrier Global Corporation (“Carrier”) and Blitz F23-620 GmbH (to be renamed Johann Purchaser GmbH) (“Purchaser”), a wholly owned subsidiary of Carrier, entered into a Share Purchase Agreement (the “Purchase Agreement”) with Viessmann Group GmbH & Co. KG (“Seller”). Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, Seller has agreed to sell, and Purchaser has agreed to acquire (the “Acquisition”), Seller’s climate solutions business (the “Business”), through the acquisition of Viessmann Climate Solutions SE (the “Company”).”

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