Honeywell (HON) to Acquire Carriers Global Access Unit

▤ Summary

Florida-based Carrier is a provider of advanced heating, ventilation, refrigeration, air conditioning, fire, security and building automation technologies. Its Global Access Solutions business provides residential, commercial and industrial security systems. The Carrier unit’s acquisition also positions HON to become a leading provider of security solutions for the digital age. Following the deal closure, the two companies will be able to advance innovation and provide cloud-based services and solutions to the customers. Federal Signal Corporation FSS presently sports a Zacks Rank #1 (Strong Buy).

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