Carrier Finalizes Sale of Riello Business to Ariston Group

Handshake

Carrier Global Corporation has completed the sale of its Riello business to Ariston Group for gross proceeds of approximately USD 440 million.

"The sale of Riello reflects Carrier's disciplined portfolio management as we continue to focus our resources on delivering differentiated climate and energy solutions. Sale proceeds enhance our ability to invest in our core businesses, innovation and value creation for our customers and shareowners," said David Gitlin, Chairman & CEO of Carrier. "We are grateful to the Riello team for their many contributions to Carrier and are confident that Ariston Group is well-positioned to drive the business's next phase of growth."

Source: Carrier Global