Linklaters advises Carrier Global Corporation on the acquisition of Viessmann Climate Solutions for €12bn

Linklaters has advised Carrier Global Corporation on the acquisition of Viessmann Climate Solutions for €12 billion in cash and stock issued directly to Viessmann Family Holdings with a long-term ownership commitment, expected to close in late 2023 subject to anti-trust and other conditions. 

The acquisition will help Carrier create a comprehensive and differentiated suite of sustainable technologies and services in the energy transition market, transforming the company into a global leader in intelligent climate and energy solutions in all major geographies. 

This transformational transaction, which is the largest in the German M&A market to date this year, was led by corporate partners Derek Tong in London, and Dr. Timo Engelhardt in Munich.

The broader team was comprised of experts across all practice areas, including Matthew Devey (employment), Dr. Julia Schönbohm (intellectual property), Dr. Christian Hundeshagen (tax), Anna Mitchell and Christoph Barth (antitrust and foreign investment), Dr. Julia Grothaus (ESG), Dr. Rupert Bellinghausen (dispute resolution), Dr. Daniel Pauly and Michael Leicht (TMT) and Wolfram Krüger (real estate). 

This is the latest deal that Linklaters have supported Carrier with, previously advising them on their sale of Chubb Fire & Security in 2020 and their full acquisition of Toshiba Carrier Corporation from Toshiba.