No job cuts are planned when the core business is sold.
(Photo: IMAGO/NurPhoto)
Düsseldorf, Frankfurt, New York, Brussels Max Viessmann has set a new course. The family business, founded in 1917 by his great-grandfather Johann Viessmann, is selling its core Climate Solutions business to the US company Carrier Global. The division is to be valued at around eleven billion euros, according to people familiar with the transaction. Together, the joint company with 45,000 employees will have a turnover of 17 billion US dollars, Viessmann announced on Wednesday night.
With the deal, which is unusually large for a German medium-sized company, the Florida-based US group, which generates the majority of its sales in the heat pump and air conditioning business, apparently wants to strengthen its position in the competition – especially with Asian competitors.
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