Main industrial tech firm Honeywell Worldwide Inc. has signed a deal to purchase Sundyne, a pacesetter within the manufacture of pumps and compressors, for $2.16 billion in money.
The acquisition from Warburg Pincus LLC is anticipated to be accomplished within the second quarter topic to regulatory approvals and different customary situations, Charlotte, North Carolina-based Honeywell mentioned in a web based assertion Tuesday.
“Sundyne’s deep buyer relationships, best-in-class merchandise and know-how will unlock strategic progress potential for Honeywell UOP’s worth chains in refining and petrochemicals, liquefied pure fuel (LNG) and clear and renewable fuels”, Honeywell mentioned.
- Advertisement -
“The mixture will end in an improved product providing for patrons as Honeywell Forge, a number one IoT platform, will allow the digitalization of Sundyne’s tools to boost reliability and predictive upkeep.
“Using Honeywell’s superior R&D [research and development] capabilities, the mixed firm may even have the ability to additional speed up new product growth within the pumps and compressors area”.
The acquisition will add about 1,000 Sundyne staff to Honeywell’s workforce, Honeywell mentioned.
“The combination is anticipated to generate materials run-rate income synergies with Honeywell UOP course of licensing and modular capabilities, in addition to a world gross sales attain”, it mentioned.
“The acquisition is anticipated to be instantly accretive to Honeywell’s gross sales progress and phase margin, in addition to to adjusted EPS [earnings per share] within the first full 12 months of possession”, Honeywell added.
Honeywell has introduced $11.03 billion value of acquisitions since December 2023.
On March 27, 2024, it introduced it was buying Civitanavi Methods SpA in a inventory transaction with an fairness worth of round EUR 200 million ($214.22 million). Civitanavi gives place navigation and timing know-how for the aerospace, protection and industrial markets.
“The acquisition will additional strengthen Honeywell’s capabilities to assist its prospects create autonomous operations in plane and different autos”, Honeywell mentioned.
On June 3, 2024, it mentioned it had closed the acquisition of Provider World Corp.’s World Entry Options enterprise for $4.95 billion.
“The acquisition brings differentiated software program capabilities by way of the addition of three revered manufacturers to Honeywell’s portfolio: LenelS2, a pacesetter in industrial and enterprise entry options; Onity, which gives digital locks, particularly hospitality entry and cell credentials; and Supra, which focuses on cloud-based digital lockboxes and scheduling software program”, Honeywell mentioned.
On September 4, 2024, it mentioned it had concluded the acquisition of CAES Methods Holdings LLC from non-public fairness agency Creation Worldwide for about $1.9 billion.
“The acquisition enhances Honeywell’s protection know-how options throughout land, sea, air and area and can be anticipated to create favorable tailwinds for progress throughout Honeywell’s Aerospace Applied sciences enterprise”, Honeywell mentioned.
“CAES expands Honeywell’s present protection and area portfolio with scalable choices that allow Honeywell to each improve manufacturing and improve positions on crucial platforms that embody F-35, EA-18G, AMRAAM and GMLRS. Honeywell may even profit from the power to introduce its present choices on new platforms, such because the Navy Radar (SPY-6) and UAS and C-UAS applied sciences”.
On September 30, 2024, it mentioned it had sealed the acquisition of Air Merchandise’ LNG course of know-how and tools enterprise for $1.81 billion.
“Honeywell’s full-service answer now gives prospects a holistic providing that encompasses pure fuel pre-treatment, state-of-the-art liquefaction and digital automation applied sciences unified below the Honeywell Forge and Experion platforms, in addition to the addition of Air Merchandise’ coil-wound warmth exchangers know-how”, Honeywell mentioned.
To contact the creator, e-mail jov.onsat@rigzone.com
Generated by readers, the feedback included herein don’t replicate the views and opinions of Rigzone. All feedback are topic to editorial assessment. Off-topic, inappropriate or insulting feedback can be eliminated.
