HONEYWELL INTERNATIONAL INC acquires Carrier Global Corporation's Global Access Solutions business
Snapshot
HONEYWELL INTERNATIONAL INC acquired Carrier Global Corporation's Global Access Solutions business for $4,913 million (approximately $4.9 billion) in June 2024. The transaction was structured as all cash. Carrier Global Corporation's Global Access Solutions business is a Global-based Building Automation business.
- Acquirer
- HONEYWELL INTERNATIONAL INC
- Target
- Carrier Global Corporation's Global Access Solutions business
- Value
- $4,913 million (approximately $4.9 billion)
- Date
- June 2024
- Type
- full acquisition (carve-out)
- Status
- ready
The deal at a glance
About this deal
HONEYWELL INTERNATIONAL INC acquired Carrier Global Corporation's Global Access Solutions business for $4,913 million (approximately $4.9 billion), a transaction completed in June 2024, structured as all cash.
Carrier Global Corporation's Global Access Solutions business operates in Building Automation, is based in Global. An innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile key solutions, acquired from Carrier Global Corporation. Honeywell's largest acquisition to date.
Honeywell acquired the Global Access Solutions business to strengthen its Building Automation segment with advanced access, electronic locking and contactless mobile-key technologies; Access Solutions contributed $302 million of inorganic sales growth during 2025.
Adds a global access and security platform with recurring/contactless mobile-key technology to Building Automation; contributed $302 million of inorganic sales growth in 2025. Honeywell Building Automation
No advisory firms have been disclosed for this transaction.