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April 24 (Reuters) - Air conditioner maker Carrier Global Corp is in advanced talks to acquire German industrial manufacturer Viessmann for more than $10 billion including debt, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The cash-and-stock deal could be announced as soon as this week, report added.
Shares of Carrier were up 2% in afternoon trade.
Carrier and Viessmann did not immediately respond to Reuters requests for comment.
Viessmann's current operations in climate and energy solutions would help Carrier to diversify operations, as it looks to add production amid ongoing supply chain snags.
The investment would fall into Florida-based Carrier's plans to focus on deals that would help with geographic expansion and help boost revenues from aftermarket services.
Viessmann, a global family business founded in 1917, runs 22 production companies in 12 countries, with more than 56% revenues generated outside of Germany, according to the company’s website.
The Journal earlier this month also reported that Carrier was looking to sell or spin off its Fire & Security business. (Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber)
