The Hessian heating manufacturer Viessmann is selling its air conditioning division, including the lucrative heat pumps, to US competitor Carrier Global.
(Photo: dpa)
Dusseldorf The Viessmann family will receive around seven percent of the shares in the group for the sale of its climate solutions business to the US company Carrier Global. Two people familiar with the matter told the Handelsblatt. Although Viessmann himself had declared that he would receive 20 percent of the purchase price of around twelve billion euros in shares, he did not provide any information on the proportion of carrier shares.
According to insiders, more than a hundred consultants and experts thought up the sale. Many of the negotiations had taken place in person, the Americans had repeatedly flown to Frankfurt for this.
Before deciding to sell the division, Viessmann looked at several other alternatives. In winter, in addition to the working group for the sale to Carrier Global, there was also a working group to explore a possible IPO, insiders told the Handelsblatt.
Before that, there were also considerations of taking over competitors. According to Handelsblatt information, Viessmann had sought, among other things, to take over the German competitor Stiebel Eltron, which specializes in heat pumps. Viessmann also looked at the Asian competitor Fujitsu General. But both takeover considerations came to nothing.
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