Germany wary of heat pump business sale to US group | The Malaysian Insight

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Germany wary of heat pump business sale to US group

Economy Minister Robert Habeck warns that Germany could lose out from the sale of a heat pump maker to a US rival in the race to develop and make the technologies needed for the green transition. – EPA pic, April 26, 2023.

GERMANY’S economy minister said today Europe’s largest economy must not lose out from the sale of a heat pump maker to a US rival, as competition in the sector increases. US group Carrier Global said yesterday it had agreed to purchase German group Viessmann’s core climate business for US$12 billion .

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