Florida-based Carrier Global Corporation (NYSE: CARR) has completed the acquisition of Nlyte Software.

The acquisition follows Carrier’s announcement on September 22, 2021, of the agreement to acquire the data centre infrastructure management (DCIM) software provider.

Stocks of the company have been trading on an upwards trend of 0.94% at the time of writing. Carrier’s shares have gained 42.64% in value over the last 12 months, currently trading at US$52.82.

Nlyte will become part of Automated Logic Corporation (ALC), Carrier’s building automation and controls business, within Carrier’s HVAC segment.

Nlyte’s data centre portfolio will expand Carrier’s HVAC business’s access to the growing DCIM segment to help fulfil its strategic focus on sustainable and intelligent solutions through increased recurring revenues.

The terms of the transaction were not disclosed.

Chris Nelson, President, HVAC, Carrier, said: “Nlyte’s software and services, along with the expertise of its team, will enable Carrier to further develop our data centre capabilities and bring enhanced services and solutions to Carrier’s broad, global customer base.

“This is an excellent strategic fit and enables us to provide customers a premier offering of data centre controls and infrastructure power management.”

Doug Sabella, CEO, Nlyte, added: “This transaction strengthens and expands our data centre offerings.

“As a leader in the DCIM market, we will be able to offer new solutions and value-added customer services for HVAC equipment, building automation, controls, security and fire systems. With Carrier’s global footprint, Nlyte will be able to reach new segments and geographies.”

The global DCIM Market was valued at $2.12 billion in 2020, and is expected to reach a value of $8.35 billion by 2026, registering a CAGR of approximately 25.8% over 2021 – 2026, according to the latest data from Mordor Intelligence.

Analysts said: “The competitive rivalry in the data centre infrastructure management market is high, owing to the presence of some major players, such as IBM, Siemens, Schneider Electric.

“Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over other players. Through strategic partnerships, R&D, and mergers and acquisitions, they have been able to obtain a stronger foothold in the market.”