Effective immediately, Max Viessmann, CEO of Viessmann Group, will join Carrier’s board of directors. “I look forward to working closely with Dave Gitlin (Carrier’s chairman and CEO) 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 acquisition was initially leaked on April 24 but officially closed as of Jan. 2. As part of the acquisition, Viessmann will continue operating under its brand and become a significant shareholder of Carrier.
According to Carrier, the acquisition will help Viessmann Climate Solutions grow its foothold in other markets, such as in Asia, and it’ll help Carrier grow its reach into the European market.
“The combination with Viessmann Climate Solutions creates the most comprehensive and differentiated suite of sustainable climate technologies and services in the industry today,” said 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.”
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.