Riello

Activity by year

20162017201820192020202120222023202420252026

Acquisition

Dec 16, 2025ACQUISITIONLegnago, Italy$430.0M1,150 jobs
Carrier to sell Riello business to Ariston Group for $430M
Carrier Global Corporation agreed to sell its Riello business to Ariston Group for gross proceeds of approximately $430 million. The transaction is expected to close in the first half of 2026.
Carrier Global Corporation Carrier Global Corporation investor Carrier Global Corporation partner Ariston Group acquirer Riello target Riello America LLC target #HVAC and Industrial Refrigeration ir.carrier.com energiamercato.it monitorimmobiliare.it
May 31, 2016ACQUISITIONItaly
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.
United Technologies Corp. acquirer Riello target #HVAC and Industrial Refrigeration lesechos.fr

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