Benzinga | Sep 22, 2021 03:20PM EDT

Carrier To Acquire Nlyte Software For Undisclosed Sum

* Carrier Global Corp (NYSE: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.