Makes sense, Lenel and Onity are two radically different businesses. I'd be pumped if we bought Lenel, but I'd be pissed if we bought Onity, because then I would have to learn a whole new market.
Carrier To Split Up Sale Of Fire And Security
Published Jul 28, 2023 12:34 PM
In a major development, Carrier has confirmed that they will split up the sale of their Fire and Security business into multiple deals.
The April announcement of the impending divestiture has been one of the industry's most significant news items this year.
Now, that Carrier intends to split the sell-off, this will attract even more interest and potential buyers.
Splitting ****
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Beneficial
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Question ** *** **** ****** / ****** ********** **********
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Interested ******
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Comments (8)
UM
Undisclosed Manufacturer #1
Jul 28, 2023JH
John Honovich
Jul 28, 2023They have not given any indications that they would split up those two businesses. I also think from megacorporations perspective, those 2 businesses are close enough that they would be packaged together.
UM
Undisclosed Manufacturer #2
Jul 28, 2023It will be interesting if Carrier actually makes any money on the sale of the security products or how much they are willing to lose to let them go.
With all of the major players in the industry buying companies in the past few years seems like buying up old technology might not be worth it to anyone
UI
Undisclosed Integrator #3
Jul 28, 2023It will be interesting if Carrier actually makes any money on the sale of the security products or how much they are willing to lose to let them go.
Would interlogix be factored into the initial purchase price used in that evaluation?
JH
John Honovich
Jul 28, 2023buying up old technology might not be worth it to anyone
Thia business has ~15% EBITDA margins and grew revenue 9% last quarter. The technology is generally old but still plenty attractive to many conglomerates.
BO
Brett Off
Jul 31, 2023If this technology is "generally old" what is an example of newer technology on the market that replaces this type of system?
JH
John Honovich
Jul 31, 2023Brett, Carrier's Aritech is what used to be Interlogix and their video offering is generally quite old. Pick a VSaaS e.g. VSaaS Rankings 2023 - Arcules, Avigilon, Eagle Eye, Genetec, Meraki, OpenEye, Qumulex, Rhombus, Turing, Verkada, Vivotek, YourSix
And while LenelS2 is still clearly widely used in the enterprise, it faces all sorts of cloud access competitors - Cloud Access Control Rankings 2023 - Alarm.com, Brivo, DMP, Feenics, Kisi, Openpath, PDK, Verkada For example, we just tested LenelS2's offering here and it had all sorts of problems - LenelS2 Elements Cloud Access & Video Tested
JH
John Honovich
Jul 28, 2023Goodbye Security, Carrier CEO Excited To Focus On Clean Energy
They will make money but the main driver is refocusing the company.