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Carrier Completes Acquisition Of Viessmann Climate Solutions

Jan 02, 2024•almost 2 years ago

Acquiring Company

Carrier

Acquired Company

Viessmann Climate Solutions

Palm Beach GardensAllendorfBuilding MaterialWholesaleIndustrial Machinery Manufacturing

Description

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.

Company Information

Company

Carrier

Location

Palm Beach Gardens, Florida, United States

About

Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to making the world safer, sustainable and more comfortable 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.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed