Carrier completes sale of Riello business for $440 million
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- Carrier (NYSE:CARR) completed the sale of its Riello business to Ariston Group for gross proceeds of approximately $440 million.
- The divestiture supports Carrier’s disciplined portfolio management strategy.
- Carrier stated the transaction will enhance its ability to invest in core climate and energy solutions.
Carrier (NYSE:CARR) announced the completion of the sale of its Riello business to Ariston Group for gross proceeds of approximately $440 million.
Carrier indicated the divestiture supports disciplined portfolio management and will enhance its ability to invest in core climate and energy solutions, innovation and value creation for customers and shareowners.
The transaction aligns with Carrier’s ongoing portfolio optimization efforts to focus on higher-growth areas.
Carrier is a global leader in intelligent climate and energy solutions for residential, commercial, and industrial applications.
The company continues to execute on its strategy of delivering sustainable solutions while actively managing its business portfolio.
