Honeywell Completes Carrier Acquisition Enhances Building Automation Capabilities.
Honeywell Completes Carrier Acquisition – Honeywell has completed its acquisition of Carrier Global Corporation’s Global Access Solutions business for $US4.95 billion.
According to Honeywell, the acquisition positions the organisation for the digital age, including cloud-based services and solutions, as well as strengthening Honeywell’s portfolio around three compelling megatrends, including automation.
As part of the acquisition, Honeywell gains 3 brands, including LenelS2, a leader in commercial and enterprise access solutions; Onity, which offers electronic locks, specifically hospitality access and mobile credentials; and Supra, which specializes in cloud-based electronic lockboxes and scheduling software.
“As the world’s security needs evolve from a focus on protecting people to protecting both people and critical assets, we see strong growth prospects for our Access Solutions acquisition,” said Vimal Kapur, chief executive officer of Honeywell.
Global Access Solutions’ 1200 employees are now part of Honeywell – the transaction is expected to be adjusted earnings per share accretive in the first full year of ownership.
You can learn more about Honeywell Building Automation here or read more SEN news here.
“Honeywell Completes Carrier Acquisition Enhances Building Automation Capabilities.”
