# UTC acquires Riello, Italian boiler and burner manufacturer

United Technologies Corporation acquired Riello, an Italian manufacturer of boilers and burners, at the end of May 2016. The acquisition is part of UTC's strategy to leverage convergence of heating and air conditioning markets.

- Type: Acquisition
- Announced: 2016-05-31
- Where: Italy
- Status: completed
- Products: boilers, burners
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [United Technologies Corp.](https://endata.com/companies/937.md) (acquirer)
- [Riello](https://endata.com/companies/19979.md) (target)

## Sources

- [lesechos.fr](https://www.lesechos.fr/2016/11/lamericain-utc-souffle-le-chaud-sur-les-investissements-de-ciat-226858), 2016-11-09: "Ce qui explique l'acquisition fin mai du fabricant de chaudières et brûleurs italien Riello."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.