The transaction represents the latest step in Carrier's ongoing portfolio transformation, following the recent acquisition of Viessmann Climate Solutions and the recently announced agreements to sell Carrier's Global Access Solutions business to Honeywell.
The Carrier Global Access Solutions business includes hardware and software brands, including LenelS2, Supra and Onity. The transaction is expected to close before the end of Q3 2024.
Kidde Commercial will unveil its new branding and holistic commercial fire solution capabilities during ISC West, taking place in Las Vegas, March 28-31.
The sale enables Carrier to focus on its core businesses and to re-allocate the net proceeds consistent with its stated capital allocation priorities, including funding organic and inorganic growth, a growing and sustainable dividend, and share repurchases while maintaining an investment grade credit rating.
Carrier Global Corporation, a provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has acquired Cavius, a Danish residential alarm company that provides smoke, heat, flood and carbon monoxide alarms.