Carrier Announces Agreement to Sell Global Access Solutions Business to Honeywell for $4.95 Billion

December 15, 2023

https://www.prnewswire.com/news-releases/carrier-announces-agreement-to-sell-global-access-solutions-business-to-honeywell-for-4-95-billion-302010010.html

PALM BEACH GARDENS, Fla., Dec. 8, 2023 /PRNewswire/ — Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, entered into a definitive agreement today to sell its security business, Global Access Solutions, which includes the industry-leading brands of LenelS2, Supra and Onity, to Honeywell (NASDAQ: HON) for an enterprise value of $4.95 billion, which represents approximately 17x 2023 expected EBITDA. The sale agreement is a successful first step in Carrier’s portfolio transformation.

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