Carrier

Viessmann and Carrier align; Uponor rebuffs Aliaxis.

Are we seeing a renewed “trend” toward consolidation in the PHVAC industy? Inflation, fuel prices, war, supply chain, electrification, and economy woes are all factors for potential wholesale changes. Over the past month, there has been heavy movement in the industry to suggest such a thing. In a week that saw big movement, we learned recently that two major players in the PHVAC industry have been active in talks.

The first, just officially confirmed, Carrier will acquire Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction valued at €12 billion, subject to working capital and other adjustments. According to the release, Viessmann Climate Solutions provides Carrier with an iconic, premium brand in the highest growth segment of the global heat pump and energy transition markets. In addition, Carrier announced plans to exit its Fire & Security and Commercial Refrigeration cabinet businesses.

“The acquisition of Viessmann Climate Solutions is a game-changing opportunity,” said Carrier Chairman & CEO David Gitlin. “Climate change, sustainability requirements and geopolitical factors are driving an unprecedented energy transition in Europe. Accelerated by government regulations and incentives, the transition creates a significant, long-term growth opportunity.

“Viessmann Climate Solutions is uniquely positioned to capitalize on this opportunity with its premier brand, highly differentiated distribution channel and innovative product offerings. With 70% of its business consisting of heat pumps and related accessories, solar PV, batteries and services, Viessmann Climate Solutions is a critical leader in Europe’s energy transition. We look forward to welcoming its 11,000 team members to the Carrier family and Max Viessmann, CEO of Viessmann to the Carrier Board of Directors at closing, which is expected around the end of 2023.

But a recent announcement from Viessmann found on LinkedIn read, “the new transatlantic partnership underlines the importance of international, cross-border collaboration in the fight against global climate change. Both companies are fully committed to take more responsibility for a sustainable energy transition in the building sector, focusing on our purposes: Viessmann Group’s purpose is to co-create living spaces for generations to come. Carrier’s vision is to create solutions that matter for people and our planet. We both regard the climate goals in North America and Europe as a once-in-a-century opportunity to make a positive impact, by actively shaping sustainable climate and energy solutions for future generations.

“The Viessmann Group will continue to remain an independent family business in full ownership of the Viessmann entrepreneurial family. Today, the Viessmann Group—excluding its Climate Solutions business area—generates a total revenue of EUR 1 billion in sales—including non-consolidated entities—with around 4,000 employees. Looking ahead, the clear goal and ambition of the Viessmann Group is to grow to a size that is larger than the Climate Solutions business area today, latest by the end of the decade.”

How does this affect contractors? The Hub’s Eric Aune, who is an ardent Viessmann installer, was sent this message: By combining Viessmann Climate Solutions and Carrier, we are co-creating one of the leading climate solutions companies in the world. Through the combination of both companies, we are forming a resilient, fast-growing innovation leader in a highly competitive market environment. All partners and customers of Viessmann Climate Solutions will significantly benefit from this new partnership:

1. Viessmann Climate Solutions’ premium integrated offering will be complemented by electrified products and services from Carrier and its sub brands (heat pumps, battery storages, cooling and ventilation solutions as well as after-sales-services, digital and value-added solutions). This will lead to a wider product range for you.
2. Viessmann Climate Solutions will get better access to suppliers via the global network of Carrier, especially its subsidiary Toshiba Carrier Corporation in Asia. This will lead to a faster delivery for you, in the long run. Thereby, you can significantly shorten your time to installation completion—a decisive component for the decarbonization of the building stock both in Europe and beyond.
3. The iconic brand of Viessmann will be continued. All your respective contact persons at Viessmann will remain in charge. The Climate Solutions Executive Board and leadership team of Viessmann Climate Solutions, led by CEO Thomas Heim will continue to run the business. Viessmann Climate Solutions will become a major driver of Carrier’s growth strategy in Europe. Its headquarters will remain in Allendorf, Germany. The Viessmann Group will become one of the largest shareholders in Carrier. Consequently, Viessmann Group CEO Max Viessmann will become a new member of the Board of Directors of Carrier.

Meanwhile, according to an industry insider close to Mechanical Hub, Putin’s iron grip on the fuel supply in Europe could be a contributing factor to sell now. And, will Viessmann alter its path to market? One observer asked, “Will it be through the DCNE wholesale network?” We will see how things shake out in the next few weeks to months.

PEX Power

On the piping side, there have been tremors of a major shake-up in the PEX world. But all for naught, it turns out. Mechanical Hub has learned that Belgian company Aliaxis, a manufacturer of advanced fluid management solutions—with IPEX already a part of the company—had approached Uponor in its interest to sell. According to information acquired by Mechanical Hub, Aliaxis had announced a non-binding intention to make a tender offer to acquire all shares in Uponor.

Finland’s Uponor said on Wednesday (4/26/23), it rejected an unsolicited offer from Belgian rival Aliaxis, adding that the suggested price of 25 euros per share did not reflect the company’s value and long-term prospects.

According to Reuters and from sources within Uponor, the company’s board unanimously rejected the offer, but said it would consider any further proposals made by Aliaxis or any other party, if it was in the best interest of its shareholders.

Aliaxis last Monday made a $2 billion unsolicited offer to buy Uponor, seeking to form a global water management group, and the following Monday raised its stake in the Finnish company to 10.6%.

Oras Invest, Uponor’s largest shareholder with about 25.7% of the company’s shares, said on the day Aliaxis made its unsolicited offer that it had no intention of accepting it.

Nashville field tech enablement software provider equips HVAC leader’s nationwide dealer network with comprehensive technical services solution

XOi, a leading provider of technician-focused technology solutions, announces an enhanced collaboration with Carrier, an industry leader in heating, air conditioning and refrigeration solutions.

Dealers will benefit from a more streamlined experience between Carrier technical support services and distributor and dealer networks by utilizing XOi’s advanced technology for improving real-time installation or maintenance troubleshooting.

The Carrier Digital Advantage is a fully connected, incentivized ecosystem of digital tools and technologies provided to Carrier dealers and technicians. This program empowers dealers to provide best-in-class customer service by being more productive and efficient.

“The collaboration with XOi supports the Carrier Digital Advantage by empowering service teams with data insights and virtual support tools for each step in resolving service requests,” said Bob Lang, Director of Quality Assurance, Carrier. “Field technicians can quickly access resources from the Carrier support team to provide exemplary HVAC service.”

With XOi, Carrier technicians can access educational resources and equipment information to enhance efficiency and accuracy and provide exceptional customer service.

“We’re enhancing how information is shared among Carrier distributors and our dealers,” said David Kesterton, President of Mingledorff’s, a large HVAC distributor in the Southeast. “The collaboration between XOi, Carrier and our distribution team drives an even more efficient process for reporting and resolving issues in the field and keeping projects on track. Technicians have immediate access to the information they need with a tablet or smartphone. That kind of accessible, easy to navigate knowledge base helps deliver a premium customer experience.”

“Having both the distributor and Carrier technical support teams utilizing XOi brings closer alignment on field needs in real-time,” said John Holloman, Distributor Service Manager for Robert Madden Industries of Lubbock, Texas. “This enhancement to the partnership helps provide superior customer service to our dealers and each customer.”

Equipped with the data and analytics capabilities of XOi’s curb-to-curb solutions, Carrier service technicians can collect, index and analyze jobsite information and build an accessible institutional knowledge base that supports real-time decision-making.

“Expanding this collaboration to all service technicians helps Carrier contractors meet and exceed the demands of their customers,” said Aaron Salow, CEO and Founder of XOi. “The unique functionality and comprehensive communication and support XOi delivers supports Carrier’s commitment to providing an extraordinary service experience.”

XOi helps field service contractors and their teams drive productivity, elevate customer experience and help identify skilled technicians. For more information about XOi, visit https://xoi.io.

Carrier brands again hold first and second place on 2023 list

Carrier has been named the best HVAC company of 2023 by U.S. News & World Report’s 360 Reviews team. This is the second consecutive year that Carrier ranked No. 1 and its Bryant brand ranked No. 2. Both are part of Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.

Reviewers found Carrier to have the most technologically advanced, innovative, reliable, and high-quality products, which are also among the most energy-efficient and quiet. In addition, the number of products and options Carrier offers was viewed as a differentiator.

“This recognition underscores our commitment to delivering HVAC systems that are smarter, more efficient, and more cost-effective,” said Justin Keppy, President, NA Residential & Light Commercial HVAC, Carrier. “We are innovating to provide our customers with what they need to create healthier homes and reduce energy bills.”

Carrier manufactures and installs a full range of products to address homeowners’ comfort, health and budgets. This includes air conditioners, furnaces, heat pumps, ductless and variable refrigerant flow (VRF) systems, and air purification units.

U.S. News evaluated HVAC companies based on system cost, unique warranty features and customer satisfaction. U.S. News’ 360 Reviews team applied a methodology that includes professional and consumer ratings and reviews, as well as research comparing various features of HVAC systems.

For more information, visit https://www.carrier.com/residential/en/us/.

Scholarships awarded to children, grandchildren and employees of Carrier and Bryant distributors and contractors nationwide

Carrier and Bryant have announced the recipients of this year’s Carrier & Bryant Distributors’ Education Foundation scholarships. Recipients will receive funding for their post-secondary or vocational program during the 2022-2023 school year. Carrier and Bryant are part of Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.

Established in 1981 the Carrier & Bryant Distributors’ Education Foundation was created to commemorate the late William A. Blees for his many years of service as an advisor to Carrier and Bryant distributors. Since inception, the foundation has awarded scholarships to over 400 students. Today, the foundation continues to serve the children, grandchildren and employees of distributors and contractors while also honoring the industry’s founder, Willis Carrier.

Willis Carrier attended Cornell University on a full, four-year merit scholarship. He earned a bachelor’s degree in electrical engineering, became a successful inventor and businessperson, and, in 1902, invented the founding principles of modern air conditioning. Willis Carrier was a consummate scientist and an educator who attended college on scholarship, just as our recipients will in his honor.

“The Carrier & Bryant Distributors’ Education Foundation scholarships are a special way for us to say ‘thank you’ to our contractors and distributors for their expertise and support,” said Justin Keppy, President, NA Residential & Light Commercial HVAC, Carrier. “This year’s outstanding scholarship recipients embody all of the values and characteristics we look for in future leaders, and we’re proud to support their educational endeavors just as Willis Carrier was supported in his.”

Scholarships from the foundation are available to children, grandchildren and employees of Carrier and Bryant distributors and contractors and their employees throughout the U.S. Students are awarded the scholarship based on academic achievement, extracurricular activities, demonstrated leadership potential, and personal motivation. A short essay about the candidates’ educational and career aspirations is required during the application process. There were 119 total applicants from 27 states for this year’s scholarships.

The 2022 Carrier & Bryant Distributors’ Education Foundation scholarship recipients include:

For more information about Carrier or Bryant, please visit https://www.carrier.com/residential/en/us/ or www.bryant.com.