Carrier Announces Agreement to Acquire Nlyte Software to Strengthen and Expand its Data Center Offerings

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PALM BEACH GARDENS, Florida, September 22, 2021 / PRNewswire / – Global carrier company (NYSE: CARR) announced today 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 extend Carrier’s HVAC business access to the growing DCIM segment, complement its differentiated business of automated logic controls to create integrated customer solutions, and help achieve its goal strategic sustainable and intelligent solutions thanks to increased recurring revenues. Carrier is the world’s leading provider of healthy, safe, sustainable and smart building and cold chain solutions.

“Nlyte’s software and services, along with the expertise of its team, will enable Carrier to further expand the capabilities of our data centers and deliver enhanced services and solutions to Carrier’s large global customer base.” , said Chris Nelson, president, CVC, Carrier. “This is a great strategic fit and allows us to provide our customers with a best-in-class offering in 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. Through Carrier’s global presence, Nlyte will be able to reach new segments and geographies. “

Nlyte helps customers manage their IT infrastructure and drives the digital transformation of data centers. Its DCIM software provides centralized management of all data center resources, which helps organizations plan, visualize and optimize their data centers for maximum energy efficiency and transparency. These results enabled Nlyte to benefit from a 98% customer retention rate.

Nlyte will be part of Automated Logic Company (ALC), Carrier’s building automation and control business, within Carrier’s HVAC segment. The combination of ALC WebCtrl building automation and Nlyte DCIM systems will provide data center customers with a complete intelligent solution to further improve operational efficiency.

Carrier expects to close its acquisition of Nlyte in the fourth quarter of 2021 subject to customary closing conditions. Terms of the transaction were not disclosed.

About the carrier
As the world’s leading provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world a safer, more sustainable and more comfortable place for generations to come. From the start, we have been the first to invent new technologies and entirely new industries. Today, we continue to be the leader because we have a diverse, world-class workforce that puts the customer at the center of everything we do. For more information visit www.enterprise.transporteur.com or follow us on social media at @Carrier.

CARR-IR

Caution
This communication contains statements which, to the extent that they are not statements of historical or present fact, constitute “forward-looking statements” under securities laws. From time to time, oral or written forward-looking statements may also be included in other information made public. These forward-looking statements are intended to provide management’s current expectations or plans regarding the future operational and financial performance of Carrier, based on assumptions currently considered valid. Forward-looking statements can be identified by the use of words such as “believe”, “expect”, “expectations”, “plans”, “strategy”, “prospects”, “estimate”, “project”, “objective” “,” Anticipate “,” will “,” should “,” see “,” direction “,” prospect “,” confident “,” scenario “and other words of similar meaning in the context of a discussion of future operational or financial performance or the separation of United Technologies Corporation (the “Separation”), subsequently renamed Raytheon Technologies Corporation. Forward-looking statements may include, but are not limited to, statements relating to future sales, earnings, cash flow, results of operations, use of cash, share repurchases, tax rates and other measures of the financial performance or potential future plans, strategies or transactions of the Carrier, the estimated costs associated with the Separation, the Carrier’s plans regarding its indebtedness and other statements which 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 these statements, Carrier claims safe harbor protection for the forward-looking statements contained in the United States Private Securities Litigation Reform Act of 1995. These risks, uncertainties and other factors include, but are not limited to: (1) the effect of economic conditions in the industries and markets in which Carrier and its operations operate in the United States and around the world and any changes therein, including financial market conditions, fluctuations in commodity prices, rates interest rates and exchange rates, end market demand levels in construction, the impact of weather conditions, health issues related to the pandemic (including COVID-19 and its effects, among others, on production and on global supply, demand and distribution as the epidemic continues and results in an extended period of travel, commercial and other restrictions and limitations), l natural disasters and the financial situation of Carrier’s customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the expected benefits of advanced technologies and new products and services; (3) future debt levels, capital expenditures, and research and development expenditures; (4) the future availability of credit and factors likely to affect this availability, including credit market conditions and the capital structure and credit ratings of the Transmission Provider; (5) the timing and extent of future repurchases of Carrier common shares, including market conditions and the level of other investing activities and uses of cash; (6) delays and disruptions in the delivery of materials and services from suppliers; (7) efforts to reduce restructuring costs and costs and savings and other consequences thereof; (8) new business and investment opportunities; (9) the risks resulting from being a smaller and less diversified business than before the Separation; (10) the outcome of legal proceedings, inquiries and other contingencies; (11) the impact of pension plan assumptions on contributions and future cash income; (12) the impact of negotiating collective agreements and labor disputes; (13) the effect of changes in political conditions in the United States (including in relation to the new administration in Washington, DC) and in other countries in which Carrier and its companies operate, including the effect of changes in trade policies of the US or UK withdrawal from the European Union, on general market conditions, global trade policies and short-term exchange rates and beyond; (14) the effect of changes (including potentially due to the new administration in Washington, DC) in tax, environmental, regulatory (including but not limited to import / export) and other laws and regulations to states -United and in other countries in which Carrier and its companies operate; (15) the Carrier’s ability to retain and hire key personnel; (16) the scope, nature, impact or timing of acquisition and disposal activities, including, inter alia, the integration of acquired businesses into existing businesses and the realization of synergies and opportunities for growth and innovation and the associated cost commitment; (17) the expected benefits of the Separation; (18) a ruling by the US Internal Revenue Service and other tax authorities that the Distribution or certain related transactions are to be treated as taxable transactions; (19) the risks associated with indebtedness, including those incurred as a result of financing transactions undertaken within the framework of the Separation, as well as the ability of the Transmission Provider to reduce its indebtedness and its schedule; (20) the risk that the costs of dissynergy, the costs of restructuring transactions and other costs incurred in connection with the Separation exceed the Transmission Provider’s estimates; and (21) the impact of the Separation on the Carrier’s activities and the Carrier’s resources, systems, procedures and controls, the distraction of management’s attention and the impact on relationships with customers, suppliers, employees and other commercial counterparts. The above list of factors is neither exhaustive nor necessarily in order of importance. For more information on identifying factors that could cause actual results to vary materially from those indicated in forward-looking statements, see Carrier’s reports on Forms 10-K, 10-Q and 8-K filed or provided to the United States Securities and Exchange Commission. sometimes. Any forward-looking statement speaks only as of the date on which it is made, and Carrier assumes no obligation to update or revise any such statement, whether as a result of new information, future events or otherwise. , unless required by applicable law.

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SOURCE Carrier Global Corporation



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