secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000950142-23-001199
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carrier to acquire Viessmann Climate Solutions for €12B, plans to exit Fire & Security and Commercial Refrigeration
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- Acquires Viessmann Climate Solutions for €12B (~13X 2023 projected synergized EBITDA); 80% cash, 20% stock.
- Plans to exit Fire & Security and Commercial Refrigeration businesses over 2024; proceeds to reduce leverage and repurchase shares.
- Deal expected to close around end of 2023; Max Viessmann to join Carrier board with long-term lock-up.
- Acquisition accretive to adjusted EPS by year 2; ~€200M run-rate cost synergies by year 3.
- Viessmann Climate Solutions 2023 forecast EBITDA ~€0.7B on ~€4B sales; heat pump market expected to triple to $15B by 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000095014223001199/0000950142-23-001199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000095014223001199/eh230352694_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001199

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