Paul, Weiss advised Carrier Global Corporation in its strategic acquisition of Viessmann Climate Solutions in a cash-and-stock transaction valued at €12 billion, subject to working capital and other adjustments. Germany-based Viessmann Climate Solutions, the largest segment of Viessmann Group, is a critical leader in Europe’s energy transition and a premium brand in the highest-growth segment of the global heat pump and energy transition markets.

The deal marks another step forward in Carrier’s portfolio transformation, further strengthening its global leadership position in intelligent climate and energy solutions.

The Paul, Weiss team was led by Laura Turano and Scott Barshay, and includes, among others, corporate partners Christodoulos Kaoutzanis, John Kennedy, Matthew Friedman and Aaron Schlaphoff, and counsel Cristina Amodeo, Christopher Dickson, Bruce Gruder and Gabriella Toossi; intellectual property partners Claudine Meredith-Goujon and Bonnie Chen; tax partners Robert Holo and Robert Killip, and counsel Sarah Katz; executive compensation partner Jean McLoughlin; litigation partners John Carlin and Mark Mendelsohn, and counsel Steven Herzog and Daniel Mason; real estate partner Peter Fisch; environmental counsel William O’Brien; international trade counsel Richard Elliott; and antitrust counsel Marta Kelly.