ACHRNEWS

April 30, 2004: Carrier Acquires Automated Logic Corp.

April 30, 2004
FARMINGTON, Conn. - Carrier Corp. has reached a definitive agreement to acquire Automated Logic Corp., a manufacturer of building automation systems. Terms of the deal were not disclosed. The transaction is subject to regulatory approvals.

Carrier stated that the acquisition will significantly broaden its commercial controls offering.

"Automated Logic's leading controls technology enhances Carrier's current electronics controls business," said Ken Fox, vice president and general manager of Carrier Electronics. "With the continued growth and acceptance of open standards, commercial customers are asking for connectivity within and among different building systems, enabling centralized monitoring, lower operating costs, and vendor flexibility."

Founded in 1977, Automated Logic designs and manufactures building automation and control systems primarily for HVAC and energy management applications. The company distributes and installs commercial systems through a network of independent dealers.

Automated Logic and its subsidiaries will continue operating under their current names, and its headquarters will remain in Kennesaw, Ga.

Publication date: 04/26/2004