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Carrier Global to Acquire Viessmann Climate Solutions in €12 Billion Deal

Paul, Weiss is advising Carrier Global Corporation in its strategic acquisition of Viessmann Climate Solutions in a cash-and-stock transaction valued at €12 billion, subject to working capital and other adjustments. Germany-based Viessmann Climate Solutions, the largest segment of Viessmann Group, is a critical leader in Europe’s energy transition and a premium brand in the highest-growth segment of the global heat pump and energy transition markets. The deal, announced on April 25 and expected to close by the end of 2023 subject to customary closing conditions and regulatory approvals, will transform Carrier’s business portfolio and establish the company as a pure-play, global leader in intelligent climate and energy solutions.

The Paul, Weiss team is led by Laura Turano and Scott Barshay, and includes, among others, corporate partners Christodoulos Kaoutzanis, John Kennedy and Manuel Frey, and counsel Cristina Amodeo and Christopher Dickson; intellectual property partner Claudine Meredith-Goujon and counsel Bonnie Chen and Marisa Geiger; tax partners Robert Holo and Robert Killip and counsel Sarah Katz; executive compensation partner Jean McLoughlin and counsel Ron Aizen; litigation partners Joshua Soven, John Carlin and Mark Mendelsohn and counsel Peter Jaffe, Steven Herzog and Daniel Mason; real estate partner Peter Fisch; restructuring partner Elizabeth McColm; environmental counsel William O’Brien; international trade counsel Richard Elliott; and antitrust counsel Marta Kelly.

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