Testing reportedly complete
Habeck allows Viessmann sale
06/23/2023, 09:33 am
The US group Carrier Global promises to keep the most important locations of Viessmann’s heat pump division. There should also be no redundancies for three years. According to media reports, the Ministry of Economic Affairs therefore approves the sale.
According to media reports, the Federal Ministry of Economics has given the go-ahead for the sale of the heat pump division of heating manufacturer Viessmann to the USA. The investment review process did not raise any concerns, several media reported, referring to those involved in the review. Accordingly, the ministry emphasized the importance of the clauses on securing the location in the purchase agreement.
Viessmann announced in April that it was selling its air conditioning division, which also includes heat pumps, to the US group Carrier Global. The companies agreed on a series of guarantees: there must be no redundancies for three years, the most important production, research and development sites must remain in place for at least five years, and the company’s headquarters must remain in Allendorf, Hesse, for at least ten years.
Carrier boss David Gitlin recently promised “significant investments in the EU” and “hyper growth”. Gitlin assured the “Handelsblatt” that they wanted to grow in the high single digits every year, regardless of what was happening in the global economy. “Once the acquisition is complete, Viessmann’s climate solutions business will be our biggest growth area.”
The takeover announcement further fueled the debate over the traffic light government’s heating law. Union and FDP politicians accused Federal Minister of Economics Robert Habeck of overtaxing the manufacturers with the strict requirements for new heating systems and thus promoting a sell-out of German companies. Habeck announced an investment review, but let it be known from the start that he saw no need for action.