US EditionCarrier Global to Sell Riello to Ariston Group - South Florida Business ...
Carrier Global Corporation will use the $430 million sale proceeds from its Riello business for general corporate purposes including share repurchases, reflecting disciplined portfolio management.
- On Dec. 17, 2025, Carrier Global Corporation announced a definitive agreement to sell its Riello business to Ariston Group from Palm Beach Gardens, Fla., expecting gross proceeds of approximately $430 million.
- After a comprehensive bidding process, Carrier determined Ariston Group was the right owner to guide Riello business's growth, framing the sale as disciplined portfolio management to sharpen its climate focus.
- The deal is expected to close in the first half of 2026, subject to regulatory authorities and works councils, with BofA Securities as exclusive financial advisor and Linklaters LLP as external legal counsel.
- Ariston welcomed Riello and said it will build on its legacy to create value for stakeholders, with the agreement transferring Riello's brands and expertise pending approvals.
- Ariston Group, listed on Euronext Milan, reported 2.6 billion-euro revenues in 2024 with over 10,000 employees, 40 countries, 29 production sites and 28 R&D centers, giving it scale to integrate Riello.
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Carrier Announces Agreement to Sell Riello to Ariston Group
PALM BEACH GARDENS, Fla., Dec. 16, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced that it has entered into a definitive agreement to sell its Riello business to Ariston Group.
What will Ariston do with Riello?
Ariston Group acquires 100% of Riello Group. Here's what's changing. Teleborsa article Ariston Group, a global provider of sustainable solutions for climate comfort and water heating, announced that it has signed an agreement with subsidiaries of Carrier Global Corporation to acquire 100% of the shares and voting rights of Riello Group and Riello America (“Riello”). RIELLO'S HISTORY AND RESULTS Founded in 1922 in Legnago, Veneto, Riello is a lea…
After years of foreign ownership, the Riello Group is once again flying the Italian flag. Ariston Group has officially announced the acquisition of 100% of Riello Group from the American multinational Carrier Global Corporation. The transaction, valued at €289 million, marks not only a...
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