Honeywell Expands Building Automation and Security Business with Carrier Acquisition
Honeywell plans to acquire Carrier Global Corporation's Global Access Solutions business for $4.95 billion in an all-cash transaction. This acquisition will strengthen Honeywell's building automation capabilities and position the company as a leading provider of security solutions for the digital age. The deal includes hardware and software solutions and aligns with Honeywell's strategy to focus on automation, the future of aviation, and energy transition. The acquisition will add three respected brands to Honeywell's portfolio and is expected to accelerate innovation in cloud-based services and solutions. The transaction is anticipated to close by the end of the third quarter of 2024, subject to regulatory approvals.
