Monday , March 8 2021

UTC to close Carrier business

USA: Air conditioning and refrigeration equipment manufacturer Carrier will become a separate independent company after announcing the Unified Technologies (UTC) release yesterday.

As previously said, UTC's completion of the acquisition of the aviation company Rockwell Collins has made UTC 's industry leading aviation systems supplier.

As a result, UTC has announced that Carrier and Otis are currently planning to overthrow their elevator businesses and divide them into three independent companies.

”Our decision to separate Unified Technologies is an important moment in our history, and each independent company is positioning it in the best way to maintain sustainable growth, drive the industry to innovation and customer orientation, and maximize value creation, iyi said Gregory Hayes, president and CEO of UTC. .

Known today as Climate, Control and Security (CCS), Carrier is a leading global supplier of HVAC, refrigeration, fire, security and building automation technologies with $ 17.8 billion in 2017. The company's portfolio includes leading brands such as Carrier. Kidde, Edwards, LenelS2 and Auto Logic.

Gregory Hayes will oversee the transition and will continue to work as UTC chairman and chief executive officer.

Im I am confident that every company will continue our history of performance, excellence and innovation, while building an even brighter future, Hay Hayes said. As independent companies, United Technologies, Otis and Carrier will be ready to solve our customers' greatest challenges, create career opportunities and make a positive contribution to communities around the world. "

UTC said that three independent companies will be li transformed into eligible capital “with financial flexibility to benefit from future growth opportunities. ”Every job, ıla he says,“ will be better positioned to monitor a capital allocation strategy that is more appropriate to its industry and risk and return profile and to enjoy more flexibility with an independent stock currency and more appropriately managed management and employee incentives. “

Carrier's founder, Willis Carrier, was reinforced by the invention of modern air conditioning and founded the Carrier Engineering Corporation in 1915. The company was acquired by United Technologies Corporation in July 1979.

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