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].

Core Insights - Carrier Global Corporation is expanding its commitment to developing future HVAC technicians through a collaboration with TechForce Foundation, which includes scholarships, recognition programs, and training initiatives [1][2][3] Group 1: Collaboration and Workforce Development - The partnership with TechForce Foundation aims to address the projected 400,000 HVAC technician job openings in the U.S. over the next decade, driven by retirements and increasing demand for skilled talent [2] - Carrier's TechVantage Initiative plans to hire 1,000 U.S. service technicians and train over 100,000 across its ecosystem, reinforcing its long-term growth strategy and operational resilience [1][2] Group 2: Educational Support and Resources - The collaboration will provide scholarships for financially disadvantaged students in HVAC programs and free access to Carrier's online training resources [6] - More than 70,000 students and working technicians will be engaged through TechForce Foundation's online network, which serves as a resource hub for career exploration, scholarships, and job opportunities [6] Group 3: Industry Recognition - A new HVAC, Homes & Buildings category will be established within the Techs Rock Awards Program to recognize and inspire top technicians in the field [6][4]