APi Group Closes Acquisition of Chubb Fire and Security Business.


US-based business services provider APi Group Corp. (NYSE: APG) has completed its acquisition of insurer Chubb's fire and security business from Carrier Global Corp. (NYSE: CARR) for an enterprise value of USD 3.1bn, the company said.

The payment is comprised of USD 2.9bn cash and approximately USD 200m of assumed liabilities and other adjustments.

Headquartered in the United Kingdom, Chubb has approximately 13,000 employees globally and a sales and services network spanning 17 countries serving more than 1.5m customer sites in Asia Pacific, Canada and Europe.

The business is a globally recognized fire safety and security services...

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