A major upheaval in the heating and air conditioning sector
Announcement of sale of Climate division of German heating manufacturer Viessmann to the American group Carrier Global for the sum of 12 billion euros caused a veritable earthquake in the industry. The deal also includes the lucrative heat pump business, a fast-growing segment highly coveted by international companies.
Concerns about the future of the German heating industry
The news raised concerns about the winding-up of the German heating industry, as well as the possible migration of production to other countries. Indeed, several nations have long been courting this promising sector with large sums of money, not least the USA. President Joe Biden has just announced his intention to massively boost heat pump production on American soil.
Carrier becomes a major player in air conditioning and heating
The €12 billion acquisition positions Carrier as a key player in the air conditioning and heating sectors. The transaction, made up of cash and shares, enables the Viessmann family to receive Carrier shares directly, which they are committed to holding for the long term.
A step towards creating a global champion for intelligent climate and energy solutions
The aim is to create a truly global champion of intelligent climate and energy solutions. Faced with increasingly threatening competition from Asia, the alliance between Viessmann and Carrier represents a major turning point for the industry, and could strengthen the position of both companies on the international market.
The advantages of heat pumps in the current context
Heat pumps are heating and cooling systems that offer several advantages over traditional methods:
- Energy efficiency : heat pumps use less energy to produce the same amount of heat or cold as conventional appliances, which translates into savings on energy bills.
- Respect for the environment: These devices do not emit greenhouse gases, and generally use refrigerants with a low global warming potential.
- Flexibility : heat pumps can be used to heat or cool a home, depending on the needs of the occupants and climatic conditions.
The growing demand for sustainable heating and cooling solutions
At a time when the fight against climate change is becoming a top priority for many countries, demand for environmentally-friendly, efficient heating and air-conditioning solutions continues to grow. This trend partly explains the growing interest of companies and investors in the heat pump industry.
The acquisition of Viessmann's air conditioning division by Carrier Global is a major step in the consolidation of the heat pump sector, and represents an opportunity for both companies to position themselves as world leaders in this fast-growing field.
Nevertheless, this transaction raises concerns about the future of the German heating industry, and the impact it could have on local production and employment. Only time will tell what impact this transaction will have on the economy and environment of the regions concerned.
About the author
Juliena mechanical engineering graduate and specialist in climate engineering since 2009, has become a writer specializing in renewable energies, with expertise in heat pumps and photovoltaic solar panels for individual housing.