We advised Viessmann, the selling shareholder, on the transaction

Davis Polk advised Viessmann Generations Group GmbH & Co. KG in connection with its sale of 12,094,823 shares of common stock of Carrier Global Corporation, resulting in aggregate proceeds to Viessmann of $750 million.

Founded in 1917, Viessmann is an independent, family-owned company headquartered in Allendorf (Eder), Germany. Viessmann received the Carrier Global shares as consideration for Carrier Global’s acquisition of Viessmann Climate Solutions in January 2024. Following the transaction, Viessmann continues to hold approximately 4.6% of the common stock of Carrier Global.

Carrier Global, headquartered in Palm Beach Gardens, Florida, is a global leader in intelligent climate and energy solutions and is committed to creating solutions that matter for people and our planet for generations to come. Carrier Global is listed on the New York Stock Exchange under the ticker symbol “CARR.”

The Davis Polk corporate team included partner Leo Borchardt and associates Serdar Inci and Matt Meagher. All members of the Davis Polk team are based in the London office.

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