Carrier Global [NYSE: CARR] Announces Acquisition of Cavius

Carrier Global Corporation [NYSE: CARR] disclosed that it has purchased Cavius which is an innovative Danish residential alarm firm that offers a broad range of smoke, heat, flood, and carbon monoxide alarms. CARR believed that the purchase of Cavius, combined with the market strength of Kidde, will speed up the CARR innovation pipeline.

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This acquisition will also increase CARR’s interconnected home safety offering and reinforce its professional and retail customer channels. The vast attractive products of Cavius along with Carrier’s geographic presence will also offer distinctive opportunities to reach into new grounds across Europe with the possibility for further global expansion in important regions like Asia.

Furthermore, the purchase of Cavius also improves Carrier’s Healthy Homes range in Europe, Australia, and New Zealand with new, uniquely designed products that will reach an increasing consumer demographic looking for premium, highly designed interconnected home safety technologies.

In addition, after the acquisition, both the firm will continue offering top-class sophisticated, and distinctive offerings. Cavius is seeking to collaborate with CARR to shape the future of Healthy Homes and take its solutions to more consumers around the globe. Both the firms have not disclosed the terms and conditions of the acquisition yet.