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Tag: Carrier Global Corp.


Carrier tightens portfolio amid turbulence

Suppliers

Carrier tightens portfolio amid turbulence

December 17, 2024Ken Showers, Managing Editor

PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.  Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.  Similarly,...

ADT, Carrier Global Corp., commercial, Honeywell, HVAC, Mergers & Acquisitions, Residential, tariff


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Honeywell CEO: ‘We are creating a flywheel of themes’

Suppliers

Honeywell CEO: ‘We are creating a flywheel of themes’

July 26, 2024Ken Showers, Managing Editor

CHARLOTTE, N.C. — Honeywell’s Aerospace segment saw the largest growth in the second quarter, and the company’s recent acquisition of CAES Systems will only accelerate that.  Honeywell acquired the company in June for $1.9 billion in cash, adding 2,200 employees to its workforce.   “We are excited that this is the second aerospace-focused transaction we have announced this year, underscoring our alignment to the future of aviation,” said Vimal Kapur,...

Access Control, building automation, CAES Systems, Carrier Global Corp., Honeywell, Mergers & Acquisitions, Vimal Kapur


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David Gitlin

Commercial

Carrier to sell industrial fire business to Sentinel Capital Partners for $1.425 billion

March 5, 2024SSN Staff

PALM BEACH GARDENS, Fla.—Carrier Global Corp. announced it has entered into a definitive agreement to sell its industrial fire business, which includes brands Det-Tronics, Marioff, Autronica and Fireye, to Sentinel Capital Partners for an enterprise value of $1.425 billion. Today's announcement represents the latest step in Carrier's ongoing portfolio transformation following the recently announced agreements to sell Carrier's global access...

Autronica, Carrier Global Corp., David Gitlin, Det-Tronics, Fireye, Goldman Sachs, Haier, Honeywell, J.P. Morgan, Linklaters, Marioff, Paul, Weiss, Rifkind, Wharton & Garrison, Sentinel Capital Partners, Viessmann Climate Solutions


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Also Noted

LenelS2 offers healthy buildings solutions

July 28, 2020SSN Staff

PITTSFORD, N.Y—LenelS2 has introduced a portfolio of solutions, part of Carrier’s Healthy Buildings Program, designed to help protect people and assets, and to help optimize building health and efficiency. LenelS2 is a part of Carrier Global Corporation, a global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire, security and building automation technologies. “As businesses and schools reopen, organizations need to be confident in their ability to protect...

building solutions, Carrier Global Corp., Coronavirus, COVID-19, LenelS2


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