October 23, 2017 12:50 AM ET

Machinery

Company Overview of Carrier Corporation

Company Overview

Carrier Corporation provides heating, air-conditioning, and refrigeration solutions. It offers home comfort systems ranging from furnaces and central air conditioners to heat pumps and ductless systems; a range of air quality solutions, including humidifiers, ventilators, ultraviolet lamps, air filters, and monitors; and solutions for heating, air conditioning, building automation, and energy services for the building lifecycle. The company also provides transport refrigeration equipment, cold chain monitoring solutions, and replacement components for food supply and other perishable cargo; and commercial refrigeration products, such as service counters, refrigerated multidecks and semi-vert...

One Carrier Place

Farmington, CT 06034-4015

United States

Founded in 1915

Phone:

860-674-3000

Fax:

860-674-3139

Key Executives for Carrier Corporation

Senior Vice President of Operations
Compensation as of Fiscal Year 2017.

Carrier Corporation Key Developments

Carrier Launches New Digital Solutions for Commercial HVAC Systems

Carrier is introducing a suite of digital solutions that will improve engagement and remote management of commercial heating, ventilating and air conditioning (HVAC) systems. Customers with Carrier® SMART Service will now have visibility into their system's performance and energy usage through a new equipment dashboard and mobile application. In addition, they will have access to an online community portal to help them manage the service and maintenance activity on their HVAC assets. With greater connectivity and system insight, building owners and facility managers can be more proactive about increasing the performance, efficiency and uptime of their systems. Leveraging the rapidly expanding capabilities of the internet of things (IoT) and cloud-based applications and data management, Carrier has designed these tools to enable mobile-first, on-demand customer engagement. A new equipment dashboard connects customers with their complete portfolio of Carrier SMART Service-enabled equipment, providing real-time visualization of vital system and component level health measures and deeper nsight into operating performance and efficiency. Information can be analyzed remotely, so that service technicians can deliver faster, more accurate diagnosis of equipment issues on site. Customers can also get connected via the Carrier SMART Service mobile app now available for iOS and Android devices. With its simple and intuitive interface, users can remotely monitor the health of their portfolio of chillers in real-time and have oversight of key operating parameters, recent energy consumption trends, as well as weather forecasts to help predict future usage. Advanced notifications can be setup within the app to alert when equipment is operating outside pre-defined parameters. An online community portal provides Carrier SMART Service customers with a new way to keep track of service and maintenance history, and improves their asset management capabilities for their complete portfolio of HVAC equipment. Users can request and track service online, as well as automate service requests from smart connected equipment, improving budgeting and scheduling. The system also stores site-based service history and account information to provide greater continuity between service technicians, facility managers and others involved in the HVAC system's operation and maintenance.

Carrier Corp. to Cut Jobs at R&D Center

Carrier Corp. is conducting layoffs at its research and development center in DeWitt.

Carrier Corp. Plans to Eliminate 338 Jobs at Its Indianapolis Furnace Factory

Carrier Corp. announced to eliminate 338 jobs at its Indianapolis furnace factory. The terminations are the first wave of about 630 planned before the end of the year as the company shifts work to Mexico. Carrier's parent company, United Technologies Corp., also plans to lay off another 700 workers at a factory in Huntington near Fort Wayne. The statement noted that more than 30 of the affected employees have taken advantage of a company benefit that reimburses them for pursuing degree programs.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 14, 2017
Carrier Enterprise Northeast, LLC
Merger/Acquisition
November 30, 2016
Carrier Enterprise Northeast, LLC
Private Placement
November 30, 2016
Muddy Boots Software Limited
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