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PALM BEACH GARDENS, Fla. - Carrier Global Corporation (NYSE:CARR), a prominent player in the Building Products industry with $22.46 billion in annual revenue and a market capitalization of $47.83 billion, announced Monday that its venture capital arm has made a strategic investment in Net Feasa, a company specializing in wireless IoT connectivity and vessel network technology for container tracking at sea.
The investment aims to address what Carrier describes as "one of the final blind spots in logistics visibility" by enabling real-time monitoring of shipping containers during ocean transit. Financial terms of the investment were not disclosed. According to InvestingPro data, Carrier maintains a strong financial position with a Piotroski Score of 7, indicating robust operational efficiency. The company offers a dividend yield of 1.6% and has been actively buying back shares.
Net Feasa’s Vessel Control Tower technology will be integrated with Carrier’s Lynx Fleet platform to provide shipping companies with continuous visibility of their cargo across international waters.
"Through our partnership with Net Feasa, we are extending visibility to international waters, combining secure shipboard networks with the Carrier Lynx Fleet platform to help shipping lines make faster, data-driven decisions that protect cargo, improve efficiency and reduce waste," said Edward Dryden, President of Climate Solutions Transportation at Carrier.
The collaboration builds on an existing relationship that had previously brought Net Feasa’s technology into Carrier Transicold’s BluEdge Partner Reseller Channel. According to the announcement, Net Feasa’s vessel networks comply with maritime cybersecurity and radio standards.
Mike Fitzgerald, Chairman of Net Feasa, stated that the partnership would focus on developing "open, standards-based visibility platforms" for the intermodal supply chain.
Carrier Global Corporation, which invented modern air conditioning in 1902, specializes in intelligent climate and energy solutions. Currently trading near its 52-week low of $54.22, InvestingPro analysis suggests the stock may be undervalued, with multiple additional insights available through their comprehensive Pro Research Report. The company made the announcement in a press release statement.
In other recent news, Carrier Global Corporation announced a quarterly dividend of $0.225 per share, payable on November 18, 2025, to shareholders of record as of October 29, 2025. The company has rebranded its global command centers as Carrier Customer Command Centers, highlighting its customer-first approach. These centers, which monitor over 240,000 connected assets worldwide, have earned multiple industry awards for their IoT services and customer service excellence. Carrier is set to showcase its QuantumLeap thermal management platform at Data Centre World Asia, introducing its liquid cooling solution to the Asian market for the first time. Additionally, Carrier unveiled an upgrade to its Abound Insights platform, integrating AI-powered features to enhance building management efficiency. In another development, Mizuho adjusted its price target for Carrier Global to $80.00 from $88.00, citing anticipated weakening in the residential HVAC market, although the firm continues to rate the stock as Outperform.
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