German company sells heat pump business to US firm Carrier

German company sells heat pump business to US firm Carrier

a year ago
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https://apnews.com/article/viessmann-carrier-climate-heat-pump-deal-c3da4531e1149e83e7729916f0222045

BERLIN (AP) — Germany's Viessmann Group is selling its business with heat pumps, viewed as a key technology in making heating more climate-friendly, to Florida-based Carrier Global Corp. as part of a 12 billion-euro ($13.2 billion) deal.

The sale of Viessmann's “climate solutions” business, which includes heat pumps and which both companies announced late Tuesday, comes as Germany is putting into place plans to phase out gas and oil heating systems as a way to curb global warming. Heat pumps are seen as important to weaning Germans off those systems.