The Hessian family-owned company Viessmann is largely sold to the USA for twelve billion euros. The air conditioning manufacturer Carrier Global from the US state of Florida is taking over the dominant heating and air conditioning division of Viessmann, as the companies announced on Tuesday evening. The founding family will receive 80 percent of the purchase price in cash and 20 percent in the form of carrier shares. Viessmann CEO Max Viessmann joins Carrier's Board of Directors. Carrier CEO David Gitlin spoke of a "game-changing opportunity".
11,000 of the 14,500 employees of the long-established group from Allendorf an der Eder work in Viessmann's Climate Solutions division. For 2023, it expects sales of four billion euros and an operating result (Ebitda) of around 700 million euros. Along with Bosch (Buderus) and Vaillant, the company is one of the largest heating technology manufacturers in Germany and hopes to play a major role in the switch to heat pumps pushed by the German government. The heat pump market in Europe will triple to 2027 billion euros by 15, Carrier said.