Carrier To Acquire Nlyte Software For Undisclosed Sum

Carrier Global Corp CARR has agreed to acquire Nlyte Software for an undisclosed financial term.
Nlyte helps customers manage their IT infrastructure and drives digital transformation of data centers.
Nlyte will become part of Automated Logic Corporation (ALC), Carrier's building automation and controls business, within its HVAC segment.
Carrier held cash and cash equivalents of $2.63 billion as of June 30, 2021.
Carrier expects to close this acquisition in 4Q21.
Price Action: CARR shares are trading higher by 2.32% at $52.89 on the last check Wednesday.

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