Edwards
Portfolio Transformation at Carrier with Acquisition of Viessmann & Exit of Fire & Security Businesses
April 26th, 2023Carrier HVAC and Fire & Security 2022 Business Examined
February 27th, 2023
Airthings Commercial Building Business Examined
Airthings is a Norwegian tech company focused on air quality sensing that is making a name for itself on a global stage. Recent deals with the likes of Carrier, Walmart, and Home Depot have bolstered hardware sales channels, while newer SaaS approaches are improving their results. However, the past year has had its challenges as […]
ADT Commercial Fire and Security Business Examined
In this Research Note, we examine the ADT Commercial fire and security business, based on their 2021 Results, 1st March 2022 Investor Day presentation and strategy throughout 2021. ADT is the provider of security alarms and monitoring services for the smart home and small business sector in the United States. With revenues of $5.3 billion in 2021, ADT reports its […]
Carrier Building Automation and Fire & Security Businesses Examined
Carrier Global Corporation, established as an independent public company, following its spinoff from United Technologies Corp. in April 2020, is one of the top three global HVAC equipment manufacturers. In this Research Note, we examine two of its adjacent business areas – the Fire & Security and Building Automation businesses, based on Carrier’s 2021 10K Report, […]
UTC / GE Security – Good Sale, Good Buy and More to Come
On 12th November, UTC announced that it had agreed to purchase GE Fire & Security for $1.82 billion which will be the biggest security and safety deal recorded in the last five years. Many column inches have since been written about why this was such a good deal for UTC but in the short term […]
UTC Fire & Security Goes for Growth with Acquisition of GE Security
UTC announced today that they will buy GE Security for $1.8 billion. The full details have not yet been disclosed but this looks to be an exit price based on sales revenue of around unity. This seems like a good buy particularly considering that it cost GE Security at least $2 billion to assemble the […]