ARISTON GROUP ACQUIRES RIELLO
16/12/2025
Ariston Group announced that it has signed an agreement with subsidiaries of Carrier Global Corporation to acquire 100% of the shares and voting rights of Riello Group SpA and Riello America LLC (“Riello”).
With this agreement, Ariston Group strengthens its role in Italy’s climate comfort sector and enhances its global expertise in combustion technologies.
With this agreement, Ariston Group strengthens its role in Italy’s climate comfort sector and enhances its global expertise in combustion technologies.
“I am delighted to announce the acquisition of Riello, a significant milestone in our growth strategy. Riello proudly stands as a centenarian Italian icon in the climate comfort and advanced combustion technologies”, said Paolo Merloni, Executive Chairman of Ariston Group. “In continuity with the rationale for our listing on the stock exchange in 2021, and multiple acquisitions over the last decade including the merger with Wolf-Brink, we are committed to play an active role in consolidating our industry; scale and innovation are key drivers to lead the energy transition and sophistication of our downstream markets.”
“We are proud to welcome Riello’s team to the Ariston Group family”, said Maurizio Brusadelli, Chief Executive Officer of Ariston Group. “The partnership combines the prestigious Riello and Beretta brands with Ariston Group’s ones. Beyond Italy, this strategic acquisition strengthens our presence in several international climate comfort markets, especially in North America. We will harness significant value creation opportunities, including around platforms, modularity and purchasing”.
“We are proud to welcome Riello’s team to the Ariston Group family”, said Maurizio Brusadelli, Chief Executive Officer of Ariston Group. “The partnership combines the prestigious Riello and Beretta brands with Ariston Group’s ones. Beyond Italy, this strategic acquisition strengthens our presence in several international climate comfort markets, especially in North America. We will harness significant value creation opportunities, including around platforms, modularity and purchasing”.