Carrier Global Corporation has completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. “The sale of our Commercial and Residential Fire business is the final step in our strategic portfolio transformation, further simplifying and focusing our company, and strengthening our […]
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 […]
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 […]
LenelS2 announced a new line of BlueDiamondTM mobile-ready readers. The new multi-technology readers are cost-effective, designed to provide simultaneous support for a wide range of physical credentials and can be seamlessly upgraded to support BlueDiamond mobile credentials.
