Linklaters advises Carrier Global Corporation on US$430 million sale of Riello to Ariston Group

Linklaters has advised Carrier Global Corporation (Carrier), a leader in intelligent climate and energy solutions, on the sale of its Riello business to Ariston Group for US$430 million.

Carrier’s global Riello business includes a portfolio of heritage brands, including Riello, Beretta, Vokera and Sylber. Ariston Group, a global player in sustainable climate and water comfort solutions, was selected after completing a comprehensive and competitive auction process. Closing is expected during the first half of 2026, subject to regulatory approvals and customary closing conditions.

This sale continues Carrier’s portfolio management, following the acquisition of Viessmann Climate Solutions last year and the successful divestitures of its Commercial & Residential Fire, Industrial Fire, Global Access Solutions and Commercial Refrigeration businesses, all of which Linklaters advised on. 

The global cross-practice team was led by Corporate M&A Partner Derek Tong and Managing Associate Ellie Tayler, Antitrust & Foreign Investment Partner Anna Mitchell, as well as Employment & Incentives Partner Matthew Devey. 

The Linklaters team in Italy was led by Corporate M&A Partner and Head of Corporate for Italy Massimiliano Nitti. He was supported by Antitrust & Foreign Investment Partner Lucio D'Amario, Corporate Counsel Alessandra Ghezzi, Employment & Incentives Counsel Federica Barbero, Antitrust & Foreign Investment Managing Associate Giorgio Valoti and Employment & Incentives Managing Associate Giulia Magni. 

The broader team included TMT Partner Georgina Kon, Tax Partner Rhian Parker, IP Partner Julia Schönbohm and Counsel Atif Bhatti, Employment & Incentives Managing Associate Luca Rawe and Antitrust & Foreign Investment Counsel Sinziana Ianc.