CARR Stock Recent News

As global temperatures rise, so too does the demand for cooling technologies. This demand creates a market for solutions that keep things cool, encompassing everything from residential air conditioners to sophisticated commercial refrigeration systems.

Creates Standalone Platform Spectrum Safety Solutions NEW YORK , July 2, 2024  /PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, announced today that it acquired the industrial fire business from Carrier Global Corporation (NYSE: CARR) at an enterprise value of $1.425 billion. Sentinel's purchase creates Spectrum Safety Solutions, a new standalone platform.

Net proceeds of approximately $1.1B expected to be used to pay down debt Global Commercial Refrigeration sale expected to close by the end of Q3 Sale process of Commercial and Residential Fire progressing as expected PALM BEACH GARDENS, Fla. , July 2, 2024 /PRNewswire/ --  Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its Industrial Fire business to Sentinel Capital Partners for an enterprise value of $1.425 billion.

There's a huge opportunity ahead for HVAC companies to help building owners meet net zero emissions standards and conform to regulatory requirements. This housing building materials company might be making a critical strategic acquisition at the bottom of the market.

Carrier Global has transformed into a pure-play leader in intelligent climate and energy solutions through acquisitions and divestments. The Viessman Climate Solutions acquisition boosts Carrier's European market share in the rapidly growing heat pump market, projecting 20% CAGR through 2030. Despite underperforming peers, Carrier's business transformation and industry tailwinds position it for potential catch-up trade and long-term growth.

Carrier Global (CARR) expands cold chain leadership with the Berlinger & Co. acquisition, enhancing Sensitech's monitoring solutions for pharmaceuticals and life sciences.

BEVERLY, Mass. , June 19, 2024  /PRNewswire/ -- Carrier Global Corporation, on behalf of its Sensitech business, a world leader in supply chain visibility, has entered into a definitive agreement to acquire the Monitoring Solutions business of Berlinger & Co. AG, a Swiss family-owned company that specializes in innovative and customized solutions for monitoring temperature-sensitive goods in the pharmaceutical and life science, clinical trial and global health segments.

As residents of the Midwest and Mid-Atlantic United States brace for a historic heat wave, here are 10 stocks that could be impacted by June's extreme weather.

SBTi validation further supports Carrier's decarbonization leadership PALM BEACH GARDENS, Fla. , June 13, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced its ambitious greenhouse gas emission reduction goals, including a target to reach net-zero greenhouse gas emissions by 2050, have been validated by the Science Based Targets initiative (SBTi).

CHARLOTTE, N.C. , June 12, 2024 /PRNewswire/ -- Carrier is partnering with the Department of Energy to develop next-generation heat pump technologies that result in higher efficiency light commercial rooftops units with reduced life cycle costs for end users including school, retail and office space customers.