Honeywell has completed its acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion. The deal positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space. This transaction also strengthens Honeywell’s alignment of its portfolio around three compelling megatrends, including automation, and complements Honeywell’s Building Automation segment. The acquisition brings differentiated software capabilities through the addition of three respected brands to Honeywell’s […]

Carrier Global Corporation has entered into a definitive agreement today to sell its security business, Global Access Solutions, which includes the industry-leading brands of LenelS2, Supra and Onity, to Honeywell for an enterprise value of $4.95 billion, which represents approximately 17x 2023 expected EBITDA. The sale agreement is a successful first step in Carrier’s portfolio transformation. With approximately 1,200 employees operating in 33 countries, Carrier’s Global Access Solutions business is an innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile […]