Marks significant milestone in Carrier's
transformation as the global leader in intelligent climate and
energy solutions
PALM
BEACH GARDENS, Fla., Jan. 2, 2024
/PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) announced
today that it has completed its acquisition of Viessmann Climate
Solutions from the Viessmann Group. The transaction marks another
meaningful 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' 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 (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 & CEO 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, 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."
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.
About Carrier
Carrier Global Corporation, global
leader in intelligent climate and energy solutions, is committed to
creating solutions that matter for people and our planet for
generations to come. From the beginning, we've led in inventing new
technologies and entirely new industries. Today, we continue to
lead because we have a world-class, diverse workforce that puts the
customer at the center of everything we do. For more information,
visit corporate.carrier.com or follow Carrier on
social media at @Carrier.
Cautionary Statement
This communication contains
statements which, to the extent they are not statements of
historical or present fact, constitute "forward-looking statements"
under the securities laws. These forward-looking statements are
intended to provide management's current expectations or plans for
Carrier's future operating and financial performance, based on
assumptions currently believed to be valid. Forward-looking
statements can be identified by the use of words such as "believe,"
"expect," "expectations," "plans," "strategy," "prospects,"
"estimate," "project," "target," "anticipate," "will," "should,"
"see," "guidance," "outlook," "confident," "scenario" and other
words of similar meaning in connection with a discussion of future
operating or financial performance. Forward-looking statements may
include, among other things, statements relating to the anticipated
impacts and benefits of our portfolio transformation transactions
including our acquisition and integration of Viessmann Climate
Solutions, plans, strategies or transactions of Carrier, and other
statements that are not historical facts. All forward-looking
statements involve risks, uncertainties and other factors that may
cause actual results to differ materially from those expressed or
implied in the forward-looking statements. For additional
information on identifying factors that may cause actual results to
vary materially from those stated in forward-looking statements,
see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or
furnished to the U.S. Securities and Exchange Commission from time
to time. Any forward-looking statement speaks only as of the date
on which it is made, and Carrier assumes no obligation to update or
revise such statement, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
CARR-IR
Contact:
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Investor
Relations
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Sam
Pearlstein
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561-365-2251
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Sam.Pearlstein@Carrier.com
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Media
Inquiries
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Ashley
Barrie
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860-416-3657
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Ashley.Barrie@Carrier.com
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SOURCE Carrier Global Corporation