M&A Deal Summary

Honeywell Acquires Global Access Solutions

On December 8, 2023, Honeywell acquired safety/security company Global Access Solutions from Carrier for 5.0B USD

Acquisition Highlights
  • This is Honeywell’s 5th transaction in the Safety/Security sector.
  • This is Honeywell’s 4th largest (disclosed) transaction.
  • This is Honeywell’s 54th transaction in the United States.
  • This is Honeywell’s 4th transaction in Florida.

M&A Deal Summary

Date 2023-12-08
Target Global Access Solutions
Sector Safety/Security
Buyer(s) Honeywell
Sellers(s) Carrier
Deal Type Divestiture
Deal Value 5.0B USD

Target

Global Access Solutions

Palm Beach Gardens, Florida, United States
Global Access Solutions is a provider of advanced access and security solutions, electronic locking systems, and contactless mobile key solutions.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States

Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 81 of 84
Sector (Safety/Security) 5 of 5
Type (Divestiture) 10 of 12
State (Florida) 4 of 4
Country (United States) 54 of 56
Year (2023) 3 of 3
Size (of disclosed) 4 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Honeywell International - Product Lines

Charlotte, North Carolina, United States

Honeywell International's Product Lines includes inertial, communication and navigation product lines based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Civitanavi

Pedaso, Italy

Civitanavi designs, develops, and manufactures aircraft parts. The Company offers technology solutions of inertial navigation, geo reference, and stabilization systems for both industrial and defense use. Civitanavi was founded in 2012 and is based in Pedaso, Italy.

Buy -

Seller(S) 1

SELLER

Carrier

Palm Beach Gardens, Florida, United States

Category Company
Founded 2019
Sector Machinery
Employees53,000
Revenue 22.1B USD (2023)
DESCRIPTION
Carrier research center in Jupiter, Florida.
Carrier research center in Jupiter, Florida.

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was founded in 2019 and is based in Palm Beach Gardens, Florida.


DEAL STATS #
Overall 11 of 14
Sector (Safety/Security) 2 of 3
Type (Divestiture) 8 of 11
State (Florida) 1 of 3
Country (United States) 4 of 6
Year (2023) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Cavius

Silkeborg, Denmark

Cavius is a Danish residential alarm company that provides a complete range of smoke, heat, flood, and carbon monoxide alarms. Cavius was founded in 2010 and is based in Silkeborg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Carrier - Industrial Fire Business

Palm Beach Gardens, Florida, United States

Carrier's Industrial Fire business is a fire detection and suppression solution for high-hazard applications across verticals such as critical infrastructure, oil and gas, marine, and clean energy. Carrier's Industrial Fire business is based in Palm Beach Gardens, Florida.

Sell $1.4B