Carrier Acquires Cavius, an Innovative Residential Alarm Company
"The acquisition of Cavius, combined with the market strength of Kidde, will accelerate our innovation pipeline, grow our interconnected home safety offering and strengthen our professional and retail customer channels," said
Kidde is a world leader in the fire protection industry and offers a full range of essential home safety products, including smoke and carbon monoxide alarms, fire extinguishers and fire blankets.
The acquisition of Cavius enhances Carrier's
"We're excited to join Carrier and share a mutual commitment to making the world a safer place to live," said Glenn Højmose, CEO, Cavius. "Together we will continue providing best-in-class innovative and differentiated offerings. We also look forward to joining forces to shape the future of
The terms of the transaction were not disclosed.
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This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations or plans for Carrier's future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance or the separation from United Technologies Corporation (the "Separation"), since renamed Raytheon Technologies Corporation. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax rates and other measures of financial performance or potential future plans, strategies or transactions of Carrier, the estimated costs associated with the Separation, Carrier's plans with respect to its indebtedness and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the
Contact:
561-329-8392
Ivanette.Bonilla@Carrier.com
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