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Carrier Completes Sale of Riello to Ariston Group

  • Carrier Global Corporation completed the sale of its Riello business to Ariston Group on July 1, 2026.
  • The transaction generated gross proceeds of approximately $440 million for Carrier.
  • David Gitlin, Chairman & CEO of Carrier, stated the sale supports disciplined portfolio management & allows investment in core businesses, innovation, & value creation.
  • BofA Securities served as the exclusive financial advisor & Linklaters LLP acted as external legal counsel for the deal.
  • Carrier intends to use the proceeds to enhance its focus on intelligent climate & energy solutions.