Strategic acquisition expands Carrier's Healthy Homes
offering and strengthens its interconnected Fire & Security
portfolio
PALM BEACH GARDENS, Fla.,
Oct. 19, 2021 /PRNewswire/
-- Carrier Global Corporation (NYSE:CARR) the
leading global provider of healthy, safe, sustainable and
intelligent building and cold chain solutions, has acquired Cavius,
an innovative Danish residential alarm company that provides a
complete range of smoke, heat, flood and carbon monoxide alarms.
Cavius is a pioneer in the advancement of alarms, including the
invention of the world's smallest photoelectric smoke alarm, which
is distinguished by its award-winning European-approved
micro-design. Cavius will strengthen Carrier Fire & Security's
residential fire safety solutions in Europe, which includes leading
Kidde products.
"The acquisition of Cavius, combined with the market strength of
Kidde, will accelerate our innovation pipeline, grow our
interconnected home safety offering and strengthen our professional
and retail customer channels," said Jurgen
Timperman, President, Carrier Fire & Security. "Cavius'
broadly appealing products along with Carrier's geographic presence
will also provide unique opportunities to expand into new
territories across Europe with the
potential for further global expansion in key regions like
Asia."
Kidde is a world leader in the fire protection industry and
offers a full range of essential home safety products, including
smoke and carbon monoxide alarms, fire extinguishers and fire
blankets.
The acquisition of Cavius enhances Carrier's Healthy
Homes range in Europe,
Australia and New Zealand with new, uniquely designed
products that will reach a growing consumer demographic seeking
premium, highly designed interconnected home safety
technologies.
"We're excited to join Carrier and share a mutual commitment to
making the world a safer place to live," said Glenn Højmose, CEO,
Cavius. "Together we will continue providing best-in-class
innovative and differentiated offerings. We also look forward to
joining forces to shape the future of Healthy Homes and taking our
solutions to more consumers around the world."
The terms of the transaction were not disclosed.
About Carrier
As the leading global provider of
healthy, safe, sustainable and intelligent building and cold chain
solutions, Carrier Global Corporation is committed to making the
world safer, sustainable and more comfortable for generations to
come. From the beginning, we've led in inventing new technologies
and entirely new industries. Today, we continue to lead because we
have a world-class, diverse workforce that puts the customer at the
center of everything we do. For more information, visit
www.Corporate.Carrier.com or follow us on social media at
@Carrier.
CARR-IR
Cautionary Statement
This communication contains statements which, to the extent they
are not statements of historical or present fact, constitute
"forward-looking statements" under the securities laws. These
forward-looking statements are intended to provide management's
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and other measures of financial performance or potential future
plans, strategies or transactions of Carrier, the estimated costs
associated with the Separation, Carrier's plans with respect to its
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All forward-looking statements involve risks, uncertainties and
other factors that may cause actual results to differ materially
from those expressed or implied in the forward-looking statements.
For additional information on identifying factors that may cause
actual results to vary materially from those stated in
forward-looking statements, see Carrier's reports on Forms 10-K,
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statement speaks only as of the date on which it is made, and
Carrier assumes no obligation to update or revise such statement,
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Contact:
Ivanette Bonilla
561-329-8392
Ivanette.Bonilla@Carrier.com