About Carrier
Carrier is a company based in Palm Beach Gardens (United States) founded in 1902 was acquired by United Technologies in March 1979. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). The company has 48,000 employees as of December 31, 2024. Carrier has completed 17 acquisitions, including AddVolt, Aeroseal and Automated Logic Corporation. Carrier offers products and services including Residential HVAC, Commercial HVAC, and Cold Chain Solutions.
- Headquarter Palm Beach Gardens, United States
- Employees 48000 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carrier Global Corporation
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Annual Revenue
$22.49 B18.65as on Dec 31, 2024
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Net Profit
$428 M-74as on Dec 31, 2024
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EBITDA
$3.48 B32.76as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
48000
as on Dec 31, 2024
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Investments & Acquisitions
AddVolt
& 16 more
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Acquired by
United Technologies
(Mar 31, 1979)
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IPO & Listings of Carrier
Carrier is a publicly listed company on the NYSE with ticker symbol CARR in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Carrier
Carrier offers a comprehensive portfolio of products and services, including Residential HVAC, Commercial HVAC, and Cold Chain Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Systems for home comfort and energy efficiency are provided.
Solutions for sustainable and intelligent buildings are offered.
Technologies for temperature control in transport are delivered.
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Software Development Team
100 people
Sales and Marketing
57 people
Leadership Team
41 people
Finance and Accounting
28 people
Operations Team
21 people
Product Management Team
19 people
Human Resources and Administration
16 people
Senior Team
15 people
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Funding Insights of Carrier
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carrier
Carrier has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include United Technologies. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Physical security, safety, aerospace, and HVAC solutions are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carrier
Carrier has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include AddVolt, Aeroseal and Automated Logic Corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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HVAC products are offered by the Giwee brand worldwide.
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2019 | ||||
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Plug-and-play electrical systems for refrigerated trucks are offered.
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2014 | ||||
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Provider of security alarms
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Carrier
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carrier Comparisons
Competitors of Carrier
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carrier
Frequently Asked Questions about Carrier
When was Carrier founded?
Carrier was founded in 1902.
Where is Carrier located?
Carrier is headquartered in Palm Beach Gardens, United States. It is registered at Palm Beach Gardens, Florida, United States.
Who is the current CEO of Carrier?
David Gitlin is the current CEO of Carrier.
How many employees does Carrier have?
As of Dec 31, 2024, the latest employee count at Carrier is 48,000.
What is the annual revenue of Carrier?
Annual revenue of Carrier is $22.49B as on Dec 31, 2024.
What does Carrier do?
Carrier is engaged in delivering innovative HVAC and refrigeration solutions across residential, commercial, and cold chain sectors. Advanced systems for healthier homes, sustainable buildings, and connected cold chains are developed. Focus is placed on energy efficiency, cleaner air, and intelligent technologies. Services and products are designed to enhance lives and protect the environment. A global presence ensures expertise and reliability in all offerings. Sustainable and forward-thinking designs are prioritized for future generations.
What products or services does Carrier offer?
Carrier offers Residential HVAC, Commercial HVAC, and Cold Chain Solutions.
Is Carrier publicly traded?
Yes, Carrier is publicly traded on NYSE under the ticker symbol CARR.
How many acquisitions has Carrier made?
Carrier has made 17 acquisitions, including AddVolt, Aeroseal, and Automated Logic Corporation.
Who are Carrier's investors?
Carrier has 1 investor. Key investors include United Technologies.
What is Carrier's ticker symbol?
The ticker symbol of Carrier is CARR on NYSE.
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