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Honeywell expands building safety portfolio with $4.95 billion deal for Carrier security unit
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Friday, 8 December 2023
Honeywell is set to acquire Carrier Global Corp.'s security division for $4.95 billion in a strategic move to strengthen its building automation capabilities. The acquisition will add Carrier's Global Access Solutions business, renowned for advanced access and security solutions, electronic locking systems, and contactless mobile key solutions, to Honeywell's expanding building technologies portfolio. The deal is expected to enhance Honeywell's building technologies business and aligns with its strategy of focusing on megatrends like automation, aviation's future, and energy transition.
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