German company sells heat pump business to US company Carrier – KESQ

BERLIN (AP) — Germany’s Viessmann Group is selling its business with heat pumps, considered a key technology in making heating more environmentally friendly, to Florida-based Carrier Global Corp. as part of a a 12 billion euro ($13.2 billion) deal. . The two companies announced the sale Tuesday night. It comes as Germany is implementing plans to phase out oil and gas heating systems as a way to curb global warming. Germany’s vice chancellor says the government will look into the deal. A senior opposition lawmaker said government policies were leading to “a liquidation of the German heat pump.” Viessmann says the two parties agreed to rule out layoffs for three years. Its climate division has about 11,000 employees.


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