Carrier Global Corp. Successfully Sells Fire Division to Enhance Portfolio
Thursday, 15 August 2024, 11:18
Carrier Global Corp. Announces Divestiture
On Thursday, Carrier Global Corp. (CARR) revealed that it has entered into a definitive agreement to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion.
Strategic Move
This sale is a crucial step in Carrier's ongoing portfolio transformation, which includes focusing on its core competencies.
- The divestiture allows Carrier to streamline operations.
- It reflects the company’s strategy to enhance shareholder value.
- Lone Star Funds is known for acquiring and managing diversified companies.
In conclusion, this significant transaction aligns with Carrier's strategic vision and signals its intent to strengthen its business focus and accelerate growth.
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