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Deal Date: 27-04-2023 Practice Area: Corporate and M&A
Deal Title: Viessmann Climate Solutions Acquisition by Carrier Global Corporation Industry: General Industrials
Davis Polk advised Viessmann Group on the acquisition by Carrier Global Corporation of Viessmann Climate Solutions. Under the terms of the agreement, subject to working capital and other adjustments, Carrier would acquire Viessmann Climate Solutions for €12 billion, of which 80% will be in cash and 20% in Carrier common stock delivered to Viessmann Family Holdings. The Carrier and Viessmann boards of directors each approved the acquisition, which is expected to close around the end of 2023, subject to customary closing conditions and regulatory approvals.
Financial Center: London Value: 5001.00-10000.00
Advised Party: Vendor Law Firm
Target Company Jurisdiction: Germany Acquiror Jurisdiction: United States
Classification: Strategic Buyer Acquisitions Private Company
Lawyer Leo Borchardt