Carrier Corp., a division of United Technologies Corp. (UTX), acquired StrionAir, a producer of proprietary air purification systems employing patented “capture and kill” technology. StrionAir developed and patented advanced electronic filtration methods and products, including the sole whole-house air purifier in the market validated by third-party tests to capture and kill airborne germs, viruses and mold.
StrionAir has been the provider of Carrier’s residential Infinity Air Purifier since 2006, and has also developed, marketed and sold over 6,000 commercial systems. StrionAir is headquartered in Louisville, Colorado and was founded in 1997.
This acquisition will enable Carrier to incorporate Infinity Air Purifier into its products as well as provide an opportunity for accelerated product development for both residential and commercial applications.
Carrier has consistently been the leader in developing energy-efficient, environmentally sound solutions in home and building comfort and indoor air quality. Carrier, headquartered in Farmington, Connecticut, is the world’s largest provider of heating, air-conditioning and refrigeration solutions, with operations in more than 170 countries.
United Technologies was incorporated in Delaware in 1934. It provides high technology products and services to the building systems and aerospace industries worldwide. Operating units include businesses with operations throughout the world. Otis, Carrier and UTC Fire & Security – collectively referred to as the commercial businesses – serve customers in the commercial and residential property industries worldwide. Carrier also serves commercial, industrial, transport refrigeration and food service equipment customers. Its major competitors include Boeing Co. (BA) and General Electric Co. (GE).
We currently have a Neutral recommendation on United Technologies.
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