Carrier to sell Global Access Solutions security business to Honeywell for $4.95B

Carrier Global Corporation entered into a Stock Purchase Agreement to sell its security business, Global Access Solutions, to Honeywell International Inc. for an enterprise value of $4.95 billion. The transaction is expected to close before the end of Q3 2024, subject to regulatory approvals and customary conditions.

“On December 7, 2023, Carrier Global Corporation (“Carrier”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Honeywell International Inc. (“Purchaser”). Pursuant to the Purchase Agreement, on the terms and subject to the conditions therein, Carrier has agreed to sell, and Purchaser has agreed to acquire, Carrier’s security business, Global Access Solutions (the “Business”), for an enterprise value of $4.95 billion (the “Purchase Price”).”

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