PALM BEACH GARDENS, Fla.,
Sept. 22, 2021 /PRNewswire/ --
Carrier Global Corporation (NYSE: CARR) today announced that
it has signed an agreement to acquire Nlyte Software ("Nlyte"), a
leader in data center infrastructure management (DCIM) software.
Nlyte's proven data center expertise will expand Carrier's HVAC
business's access to the growing DCIM segment, complement its
differentiated Automated Logic Controls business to create
integrated customer solutions, and help fulfill its strategic focus
on sustainable and intelligent solutions through increased
recurring revenues. Carrier is the leading global provider of
healthy, safe, sustainable and intelligent building and cold chain
solutions.
"Nlyte's software and services, along with the expertise of its
team, will enable Carrier to further develop our data center
capabilities and bring enhanced services and solutions to Carrier's
broad, global customer base," said Chris
Nelson, President, HVAC, Carrier. "This is an excellent
strategic fit and enables us to provide customers a premier
offering of data center controls and infrastructure power
management."
"This transaction strengthens and expands our data center
offerings," said Doug Sabella, CEO,
Nlyte. "As a leader in the DCIM market, we will be able to offer
new solutions and value-added customer services for HVAC equipment,
building automation, controls, security and fire systems. With
Carrier's global footprint, Nlyte will be able to reach new
segments and geographies."
Nlyte helps customers manage their IT infrastructure and drives
digital transformation of data centers. Its DCIM software provides
centralized management of all data center resources, which helps
organizations plan, view and optimize their data centers for
maximum energy efficiency and transparency. These outcomes have
helped Nlyte enjoy a 98% customer retention rate.
Nlyte will become part of Automated Logic
Corporation (ALC), Carrier's building automation and controls
business, within Carrier's HVAC segment. Combining ALC WebCtrl
building automation and Nlyte DCIM systems will provide data center
customers a complete intelligent solution to further improve
operational efficiencies.
Carrier expects to close its acquisition of Nlyte in the fourth
quarter of 2021 subject to customary closing conditions. The terms
of the transaction were not disclosed.
About Carrier
As the leading global provider of
healthy, safe, sustainable and intelligent building and cold chain
solutions, Carrier Global Corporation is committed to
making the world safer, sustainable and more comfortable for
generations to come. From the beginning, we've led in inventing new
technologies and entirely new industries. Today, we continue to
lead because we have a world-class, diverse workforce that puts the
customer at the center of everything we do. For more information,
visit www.Corporate.Carrier.com or follow us on social
media at @Carrier.
CARR-IR
Media
Contact:
|
Danielle
Canzanella
|
|
860-221-8457
|
|
Danielle.Canzanella@Carrier.com
|
|
|
Investor
Contact:
|
Sam
Pearlstein
|
|
561-365-2251
|
|
Sam.Pearlstein@carrier.com
|
Cautionary Statement
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. From time to time, oral or written
forward-looking statements may also be included in other
information released to the public. 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 flows, 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 those statements, Carrier claims
the protection of the safe harbor for forward-looking statements
contained in the U.S. Private Securities Litigation Reform Act of
1995. Such risks, uncertainties and other factors include, without
limitation: (1) the effect of economic conditions in the industries
and markets in which Carrier and its businesses operate in the U.S.
and globally and any changes therein, including financial market
conditions, fluctuations in commodity prices, interest rates and
foreign currency exchange rates, levels of end market demand in
construction, the impact of weather conditions, pandemic health
issues (including COVID-19 and its effects, among other things, on
production and on global supply, demand, and distribution as the
outbreak continues and results in a prolonged period of travel,
commercial and other restrictions and limitations), natural
disasters and the financial condition of Carrier's customers and
suppliers; (2) challenges in the development, production, delivery,
support, performance and realization of the anticipated benefits of
advanced technologies and new products and services; (3) future
levels of indebtedness, capital spending and research and
development spending; (4) future availability of credit and factors
that may affect such availability, including credit market
conditions and Carrier's capital structure and credit ratings; (5)
the timing and scope of future repurchases of Carrier's common
stock, including market conditions and the level of other investing
activities and uses of cash; (6) delays and disruption in the
delivery of materials and services from suppliers; (7) cost
reduction efforts and restructuring costs and savings and other
consequences thereof; (8) new business and investment
opportunities; (9) risks resulting from being a smaller less
diversified company than prior to the Separation; (10) the outcome
of legal proceedings, investigations and other contingencies; (11)
the impact of pension plan assumptions on future cash contributions
and earnings; (12) the impact of the negotiation of collective
bargaining agreements and labor disputes; (13) the effect of
changes in political conditions in the U.S. (including in
connection with the new administration in Washington, D.C.)
and other countries in which Carrier and its businesses operate,
including the effect of changes in U.S. trade policies or
the United Kingdom's withdrawal from the European Union,
on general market conditions, global trade policies and currency
exchange rates in the near term and beyond; (14) the effect of
changes (including potentially as a result of the new
administration in Washington, D.C.) in tax, environmental,
regulatory (including among other things import/export) and other
laws and regulations in the U.S. and other countries in which
Carrier and its businesses operate; (15) the ability of Carrier to
retain and hire key personnel; (16) the scope, nature, impact or
timing of acquisition and divestiture activity, including among
other things integration of acquired businesses into existing
businesses and realization of synergies and opportunities for
growth and innovation and incurrence of related costs; (17) the
expected benefits of the Separation; (18) a determination by the
U.S. Internal Revenue Service and other tax authorities that the
Distribution or certain related transactions should be treated as
taxable transactions; (19) risks associated with indebtedness,
including that incurred as a result of financing transactions
undertaken in connection with the Separation, as well as Carrier's
ability to reduce indebtedness and the timing thereof; (20) the
risk that dis-synergy costs, costs of restructuring transactions
and other costs incurred in connection with the Separation will
exceed Carrier's estimates; and (21) the impact of the Separation
on Carrier's business and Carrier's resources, systems, procedures
and controls, diversion of management's attention and the impact on
relationships with customers, suppliers, employees and other
business counterparties. The above list of factors is not
exhaustive or necessarily in order of importance. 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 U.S. Securities and Exchange Commission from time
to time. Any forward-looking statement speaks only as of the date
on which it is made, and Carrier assumes no obligation to update or
revise such statement, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
View original
content:https://www.prnewswire.com/news-releases/carrier-announces-agreement-to-acquire-nlyte-software-to-strengthen-and-expand-data-center-offerings-301382564.html
SOURCE Carrier Global Corporation