With Split From UTC Complete, Carrier Now an Independent Company

Carrier’s security and fire/life-safety business encompasses a wide range of residential, commercial and industrial systems.

PALM BEACH GARDENS, Fla. — Carrier Global Corp. (NYSE: CARR) is now operating as an independent, publicly traded company after successfully completing its separation from United Technologies Corp.

Toward the end of 2018, UTC said it would spin-off of its Otis and Carrier businesses, into new, independent publicly traded companies. That officially transpired April 3 when Raytheon Technologies Corp. completed an all-stock merger with UTC.

Carrier’s security and fire/life-safety business encompasses a wide range of residential, commercial and industrial systems. These include alarm signaling, access control, event monitoring, electronic locks, video management; plus, fire and carbon monoxide (CO) detection, industrial equipment controls, among others.

The company’s brands include as Chubb, Edwards, Kidde, LenelS2, Onity and Supra. Last year, UTC announced it would cease operating its Interlogix business in the United States and Canada.

Carrier has an extensive global footprint with approximately 53,000 employees, offering solutions in more than 160 countries. The company has leading positions in critical segments, including North American residential HVAC, commercial HVAC equipment in major markets, global fire detection and suppression, global access controls for security systems, and refrigerated equipment for the North American and European truck trailer and container businesses, according to an announcement.

“Against the backdrop of unprecedented global uncertainty, Carrier and its employees remain focused and continue to solve critical challenges — from improving indoor air quality, protecting the world’s food and pharmaceutical supply and keeping people safe and secure,” states Carrier President & CEO Dave Gitlin.

Gitlin continues, “I am honored to lead this fantastic company and now, more than ever, I am incredibly proud of the perseverance and resiliency of our talented workforce. For more than a century, Carrier has been a symbol of excellence, and today, as a standalone company, we have defined our own strategy, vision, culture and priorities. We have an unmatched legacy and look forward to delivering sustainable long-term growth to our shareowners and other stakeholders.”

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