Kidde - Experts & Thought Leaders

Carrier Global Corporation, a global pioneer in intelligent climate and energy solutions, entered into a definitive agreement to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. "The sale of our Commercial and Residential Fire business marks a defining step in our planned business exits critical to our transformational journey to becoming a focused, agile, higher-growth, pure-play company dedicated to creating a more sustainable world for generations to come," said Carrier Chairman & CEO David Gitlin. Carrier's portfolio transformation Commercial Refrigeration sale is on track to close around the end of the third quarter David Gitlin added: "I am so proud of what our deal and business teams have accomplished. We now have executed deals on all our divestitures, all signed within about a year of announcement, with a combined value of over $10 billion, representing a mid-teens EBITDA multiple in aggregate. This reflects tremendous dedication by so many, and I could not be more appreciative of our team's tireless efforts and great work." The sale announced marks a critical milestone in Carrier's portfolio transformation, following the acquisition of Viessmann Climate Solutions in January and the successful divestitures of its Industrial Fire and Global Access Solutions businesses. The Commercial Refrigeration sale is on track to close around the end of the third quarter. Closing of the Commercial and Residential Fire business is expected by the end of 2024, subject to regulatory approvals and customary closing conditions. Acquisition of Viessmann Climate Solutions Following the acquisition of Viessmann Climate Solutions, Carrier has reduced its net debt by over $5 billion through the repayment of outstanding term loans and notes, including last week's successful tender for additional outstanding debt. As a result of significant de-leveraging this year, and consistent with prior messaging, Carrier expects to redeploy the estimated $2.2 billion in net proceeds from the transaction towards share repurchases. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as financial advisors to Carrier. Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Linklaters LLP are providing external legal counsel.

Kidde, North America’s #1 home fire safety brand, has announced the launch of Kidde Detect, the next evolution of fire and carbon monoxide safety. To mark the launch of its latest technology, Kidde released a new advertising campaign – ‘Help Protect You From You’, which intends to make the category more relatable by taking a humorous or unexpected approach. Kidde Detect Kidde Detect’s revolutionary technology provides over 25% faster and up to three times more precise smoke detection, which can help give families more time to get out safely. Kidde is a part of Carrier Global Corporation, a global major in intelligent climate and energy solutions. Enhanced sensing technology reduces nuisance or false alarms often caused by cooking Statistics show that people have less than two minutes to safely escape a house fire. With these new devices, Kidde is helping families take advantage of every second needed to escape. Enhanced sensing technology reduces nuisance or false alarms often caused by cooking, which helps prevent consumers from disabling their devices. Kidde’s new ‘Help Protect You From You’ campaign Kidde’s new ‘Help Protect You From You’ campaign leverages the fact that many home fires are accidentally caused by homeowners. The campaign reminds viewers that everyone makes mistakes and shows how a Kidde device acts like another version of them who is always keeping an eye out for their safety. “Kidde has been a pioneer in early smoke detection for over 100 years and Detect is our latest advanced solution designed to give homeowners more power and command over their home safety,” said Isis Wu, President, Residential Fire & Safety, Carrier Corporation. Faster smoke detection Isis Wu adds, “Over the last few decades, the time to safely escape a house fire went from 17 minutes to less than two. This is why Detect’s faster smoke detection is so critical. Also, our new thought-provoking creative aim to make the category more approachable and memorable for consumers, ensuring every home is equipped with life-saving devices.” Kidde’s latest innovation comes with a design overhaul, offering various sizes of modern, sleek products, so people can say ‘goodbye’ to the outdated devices that have hung from the ceiling for decades. The improved packaging is contemporary and distinctive to keep the shopping experience simple (at retail or online). Kidde Detect devices Kidde Detect devices, such as the 10-Year Battery Powered Smoke Alarm with Voice Alerts, are ideal for all living spaces with twist-and-click mounting brackets and provide comprehensive safety solutions for homes. All devices include a self-testing feature that when combined with routine manual testing ensures the alarm is always operating as expected, and the devices go above and beyond the latest UL 8th edition standards to meet 9th edition. Kidde Detect devices are available for purchase nationwide.

Kidde, a trusted pioneer in fire safety for more than 100 years, has launched a new paid subscription feature in its Advanced Home Health mobile application to enhance home health monitoring. The new service will allow families to take proactive, informed steps to keep their homes safe with indoor air quality insights. Kidde is a part of Carrier Global Corporation, a pioneer in intelligent climate and energy solutions. The subscription service provides a weekly healthy home report with consistent updates on various indoor air quality factors summarized in a report published automatically weekly and works with Kidde Smart products with IAQ including Smoke + CO + IAQ alarm, Smoke + IAQ alarm, and the CO + IAQ plug-in alarm. Personalized recommendations Subscribers can track, monitor, and receive personal recommendations to address additional aspects of air quality, such as mould risk, and receive recommendations for steps to address these issues if they may be present in the home.  Personalized recommendations are available and can include products for purchase that can further improve indoor air quality. Subscribers can also monitor thermal comfort to help achieve the perfect temperature balance to ensure overall comfort and well-being in the home. The subscription is $1.99 per month or $19.99 annually with a first-month free trial. New users can receive a 10% discount on ShopKidde.com. The Kidde Advanced Home Health app can be found in the Apple and Google mobile app stores.