Honeywell, a technology and manufacturing company that offers energy, safety, and security solutions and technologies, completed the acquisition of the global access solutions business from Carrier, an intelligent climate and energy solutions provider, for $4.95bn. "As the world's security needs evolve from a focus on protecting people to protecting both people and critical assets, we see strong growth prospects for our Access Solutions acquisition. By building on our strong track record of delivering high-value building automation products, solutions, and services globally, this acquisition creates an exciting opportunity for us to achieve faster growth and further margin expansion, while generating better outcomes for our Building Automation customers," Vimal Kapur, Honeywell CEO.