Carrier's Compliance Conundrum: A $50 Billion Price for a Blind Spot The revelation that Carrier Global's German subsidiary, Viessmann, serviced an Iranian embassy in Austria after its acquisition by Carrier has raised eyebrows.
This news is astonishing, given the magnitude of the deal and the scrutiny that comes with it. Carrier's $12 billion purchase of Viessmann was one of the largest industrial deals in recent European history.
The acquisition brought under its umbrella a sprawling network of European distributors and service contracts, many of which predated the sale.