Honeywell to strengthen building automation business with acquisition of carrier's global access solutions

Purchase price of $4.95 billion represents ~13x 2023e ebitda, inclusive of tax benefits and run-rate cost synergies acquisition will strengthen honeywell's strategic alignment to the megatrend of automation, underpinned by digitalization transaction will be immediately accretive to honeywell's growth, gross margins and operating margins; cash-eps accretive in the first full year of ownership by fifth full year of honeywell ownership, acquisition will achieve a double-digit cash-roic charlotte, n.c. , dec. 8, 2023 /prnewswire/ -- honeywell (nasdaq: hon) today announced plans to enhance and strengthen its building automation capabilities with the acquisition of carrier global corporation's (nyse: carr) global access solutions business for $4.95 billion, in an all-cash transaction.
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