“Honeywell's overall security portfolio will be more than $1 billion in sales.”

In context

“ecuting on strategic bolt-on acquisitions, while divesting non-core lines of business to consistently upgrade the quality of the portfolio and accelerate value creation. This is a powerful combination, which delivers profitable growth and strong cash generation, creating a compelling long-term value proposition for our shareowners. Now let's turn to slide four to discuss our progress on portfolio shaping goals. In the fourth quarter, we announced the acquisition of Carrier's Global Access Solution business for nearly $5 billion, enabling Honeywell to become a leader in security solution for the digital age. This transaction, which is clearly in line with our strategic bolt-on M&A framework further enhances our equipment agnostic, high-margin product business mix within building automation Honeywell's overall security portfolio will be more than $1 billion in sales. When the deal closes this year growing at accretive rate to support Honeywell long-term growth framework. In addition, earlier in January Quantinuum announced its first equity raise since the merger of Honeywell Quantum Solutions and Cambridge Quantum Computing in late 2021, securing $300 million at a pre-money valuation of $5 billion, demonstrating Quantinuum’s leading position on [fault-tolerant] (ph) quantum computing. The round was anchored by Quantinuum’s strategic partner JP Morgan Chase with additional participation from Mitsui & Company, Amgen and Honeywell. This investment brings the total capital raised by Quantinuum since inception to approximately $625 million. Quantum computing is the key enabler for AI to reach scale potential and Quantinuum is a pioneering key breakthrough”