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Automated Logic Completes Acquisition of Control Solutions, Ltd. Establishing First Field Office in British Columbia

1. Automated Logic acquired Control Solutions to expand in Western Canada. 2. CSL specializes in building automation for diverse sectors, enhancing CARR's market reach. 3. Established first company-owned office in Vancouver supports local operations. 4. Acquisition strengthens ALC's capabilities in intelligent building technologies. 5. CSL maintains existing leadership, ensuring continuity in service and operations.

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$67.1708/01 03:08 PM EDTEvent Start
$66.5408/04 03:20 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition could enhance CARR's market positioning and revenues, similar to past strategies boosting stock performance. Historically, acquisitions have led to increased investor confidence and stock price upticks in similar firms.

How important is it?

The acquisition expands CARR's operational footprint and service offerings, which is crucial for future growth.

Why Long Term?

The long-term benefits from expanded operations and increased market share should manifest gradually, similar to CARR's previous acquisitions that delivered steady revenue growth over time.

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, /PRNewswire/ -- Automated Logic – Canada, Ltd. (ALC), a leading provider of innovative building-management solutions and a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced that it has acquired Control Solutions, Ltd. (CSL), an independent provider of integrated building-automation systems headquartered in Coquitlam, British Columbia. The transaction establishes ALC's first company-owned controls field office in Vancouver, significantly expanding its intelligent building-automation footprint in Western Canada. "This acquisition represents a strategic step in strengthening Automated Logic's presence in Canada and expanding our ability to deliver integrated, intelligent building solutions in high-growth sectors across British Columbia," said Andy Bierer, Managing Director, ALC Field.  Control Solutions, Ltd. designs, installs and services building automation systems for complex facilities across commercial real estate, education, data centers, residential and large mixed-use developments. The company's 100-plus employees deliver advanced building automation and control solutions, retrofit upgrades and multi-year service contracts that help customers optimize energy performance and operational resilience.  "Joining Automated Logic is an exciting new chapter for our team," said Chad Thomas, President, Control Solutions, Ltd. and Eddie McCool, CEO, Control Solutions, Ltd. "ALC's leadership in intelligent building technologies and our shared commitment to innovation and quality will allow us to deliver even greater value to our customers throughout British Columbia and beyond."  CSL's existing leadership and employees will remain in place, continuing to serve customers from their Coquitlam office and project sites across the province. Terms of the transaction were not disclosed.   For more information, visit www.automatedlogic.com or follow Automated Logic on LinkedIn.  About Automated Logic Corporation  Automated Logic Corporation provides innovative building-management solutions that maximize energy efficiency and sustainable building operation while ensuring comfort. Its intuitive products control and monitor building functions such as heating, air conditioning and lighting for commercial office, education, health care, government and data center markets through a global network of independent dealers and field offices. Automated Logic is a part of Carrier Global Corporation, global leader in intelligent climate and energy solutions. For more information, visit www.automatedlogic.com or follow Automated Logic on LinkedIn.   SOURCE Automated Logic Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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