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Honeywell completes acquisition of Carrier’s Global Access Solutions Business, updates 2024 outlook

Jun 03, 2024•over 1 year ago

Acquiring Company

Honeywell International

Acquired Company

Carrier Global Corporation

CharlotteBeverlyManufacturingTransportationLogistics

Description

Honeywell International has completed the acquisition of Carrier’s Global Access Solutions Business, providing an update to its 2024 outlook. This strategic move aims to strengthen Honeywell’s market position, promising exciting developments for investors and shareholders.

Company Information

Company

Honeywell International

Location

Charlotte, North Carolina, United States

About

Honeywell International is a multinational conglomerate that produces a variety of commercial and consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed