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Carrier Global

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business2 years ago

Honeywell Acquires Carrier's Security Unit for $5 Billion

Honeywell International is set to acquire Carrier Global's security business for approximately $5 billion, as part of its strategy to expand its Building Automation segment and meet the growing demand for cloud-based products. The deal aims to strengthen Honeywell's portfolio and cater to customers in industries such as hospitals, airports, and data centers.