Carrier Announces Agreement to Sell Riello to Ariston Group

Core Viewpoint - Carrier Global Corporation has entered into a definitive agreement to sell its Riello business to Ariston Group, reflecting its focus on differentiated climate and energy solutions [1][2]. Group 1: Transaction Details - The sale of the Riello business is expected to generate gross proceeds of approximately $430 million, which will be used for general corporate purposes, including share repurchases [2]. - The transaction is anticipated to close in the first half of 2026, pending customary closing conditions such as regulatory approvals [3]. Group 2: Company Profiles - Carrier Global Corporation is a leader in intelligent climate and energy solutions, committed to innovations that enhance comfort, safety, and sustainability [4]. - Ariston Group, a global leader in sustainable climate and water comfort, reported revenues of €2.6 billion in 2024 and operates in 40 countries with over 10,000 employees [6].