EL7.AI
Mergers & Acquisitions•1 July 2026•
1 min read

Carrier sells Riello to Ariston Group for $440 million

Key Facts

1Carrier Global completed the sale of its Riello business to Ariston Group for about $440 million, as part of its strategy to focus on core climate and energy solutions.

In a move reflecting corporate focus on core operations, Carrier Global announced the completion of the sale of its Riello business to Italy's Ariston Group for approximately $440 million. The divestiture is part of Carrier's strategy to concentrate resources on its core climate and energy solutions, according to reports.

Riello operates in energy and water heating solutions, and its sale follows Carrier's portfolio review. The proceeds are expected to fund innovation and shareholder returns. Carrier's stock closed at $73.35 on June 30, 2026, per market data.

Investors are watching for further divestitures and the impact on Carrier's upcoming quarterly results. No direct calendar catalysts are linked to the deal in the near term. The stock's recent range has been $73.12 to $74.68.