Carrier Sells Home, Commercial Fire Unit for $3 Billion.

Carrier Global Corp. has agreed to sell its commercial and residential fire unit to Lone Star Funds for $3 billion. This sale is part of Carrier's strategy to focus on its core heating and cooling equipment businesses. The divestitures, including the sale of its industrial fire business and building security business, have a combined value of about $10 billion. Carrier has also reduced its net debt by over $5 billion through the repayment of outstanding loans and notes. In addition to divestitures, Carrier has been acquiring companies to strengthen its core business, such as the acquisition of Germany's Viessmann Climate Solutions. [Extracted from the article]