Carrier to acquire Sauter Race Technologies [Jan 2012]

January 11, 2012 10:46 am

HVAC&R major and a business of United Technologies Corp., Carrier has signed an agreement to acquire Sauter Race Technologies, a building automation and management systems company. This acquisition further expands United Technologies presence in India.
According to a statement released by the company, this acquisition will strengthen Carrier’s position in the integrated building management segments and position Carrier to provide even more comprehensive end-to-end building management systems in India, including controls, fire and security solutions. Carrier is a part of UTC Climate, Controls & Security Systems, a leading provider of heating, ventilation, and air conditioning systems, building controls and automation, and fire and security systems, and is focused on meeting the growing demand for greater integration of building systems, leading to safer, high performance buildings.
“The acquisition of Sauter Race Technologies will complement our existing capabilities and offerings, and further strengthen our foundation in India. This acquisition is a testimonial to our commitment to grow our business in India,” stated Ross Shuster, president, UTC Climate, Controls and Security Systems – Asia.
Zubin Irani, president, UTC Climate, Controls & Security Systems – India, said, “With acquisitions like this one, we will enhance our position by building scale, reach, product offerings and customer service capabilities across the country.”
Bertram Schmitz, CEO, Fr. Sauter AG, added, “The market in India has slowly shifted from being predominantly focused on building management solutions to a wider range, including integrated safety, security and fire protection systems.”