In family companies, family priorities usually come before those of the company. That may explain the decision of Germany’s Viessmann family to sell their heat pumps business. This might otherwise be surprising: green home heaters are in growing demand and owners of private Mittelstand engineers rarely sell out.
Carrier Global of the US is buying Viessmann Climate Solutions for in stock and cash in the wake of a family transition. Maximilian Viessmann, son of long-serving chief…
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