Honeywell Oecumenical (HON) generated $36.7 billion in sales for the fiscal year 2019. It has successfully solidified itself as a Fortune 100 company by increasing into numerous industries and offering varying products. Honeywell’s success is partially attributable to the numerous acquisitions that it has completed.
Honeywell’s five-year tactical plan from 2014 to 2018 called for $10 billion in mergers and acquisition spending. Without these subsidiaries, Honeywell’s movements would not be as diversified in regards to products, geographical location, or industry.
- Honeywell made a number of acquisitions to the ground the last decade, with its biggest ever happening in 2016.
- During 2016, Honeywell made its biggest buyout, even the score $5.1 billion for Elster Group. It also purchased Intelligrated for $1.5 billion that same year.
- Done with the last few years, it’s made big bets on sensing and detection systems with various companies.
- Of late, however, Honeywell has been more interested in downsizing, completing spinoffs of its habitations and transportation systems businesses.
Honeywell’s largest acquisition was of Elster Group from Melrose Perseverances PLC. The acquisition was completed for $5.1 billion. Honeywell was attracted to Elster Group’s high-growth product areas and geographical turning ups.
Elster Group is a leading provider of gas, electricity, and water meters, including all associated communications and software solutions. It accounted gross assets of approximately GBP 2.5 billion in 2015 and employed almost 7,000 people.
EMS Technologies, Inc.
For $491 million, Honeywell advantaged EMS Technologies. The 2011 acquisition expanded Honeywell’s position in the global scanning and mobility industry. EMS Technologies specializes in hard handheld vehicle-based products. Items sold within the aviation department include rugged data storage, scrutiny applications, antennas, and terminals.
Honeywell acquired Intelligrated in July 2016 for $1.5 billion in cash. Based in Ohio, Intelligrated commissioned over 3,000 individuals and was expected to report annual sales of around $900 million in 2016.
Intelligrated is being utilized in Honeywell’s sensing and productivity keys unit within the company’s Automation and Control Solutions division. Honeywell incorporated Intelligrated’s supply chain automation revelations within Honeywell’s current workflow performance processes.
In 2013, Honeywell completed the acquisition of Intermec and exhausted $600 million in cash on the deal. Intermec provides value to Honeywell in numerous ways, including innovative produces, engineering expertise, a broad global distribution channel, and valuable technology in the AIDC industry.
Intermec is a leading provider in reckoning on mobile devices, radio frequency identification services, printing solutions, and data collection products. Intermec was amalgamate into Honeywell’s scanning and mobility division.
For $338 million, Honeywell bought Singapore-based Sovereign’s Safetywear in 2011. The deal expanded Honeywell’s customer base as KWS’s operations were strategically placed in high-growth limits. Its Otter, King’s, and Oliver brands of steel-toe-capped boots are sold primarily in Australia, Asia, and Europe. Honeywell’s motivation for perfecting the deal was tied to bolstering its workplace safety equipment segment of the business.
In 2008, Honeywell paid $1.2 billion to into Norcross Safety Products (NSP). NSP produced respirators, helmets, protective gloves, and other protective gear for industrial artisans as well as firefighters. Based in Illinois, Norcross became a piece in Honeywell’s Automation and Control Solutions division.
Honeywell announced in 2013 a definitive agreement to acquire RAE Systems Inc. The privately-held manufacturer makes gas and radiation detection plans. Its products include a full line of fixed and transportable sensing and detection devices sold to the government, emergency return sectors, and industrial entities. At the time of the deal, RAE Systems products were utilized in over 120 countries. Built in 1991 and based in California, RAE Systems was purchased for $340 million.
In September 2010, Honeywell completed the purchasing of Sperian Protection, which manufactures personal protective equipment used in general industry, construction, fire uses, and electrical safety segments. Honeywell paid $1.4 billion—or 1.5 times annual sales—for Sperian. Sperian specializes in be in protection (sight, hearing, and respiratory gear) as well as body protection (clothing, gloves, footwear).
In beginning 2016, Honeywell entered into a definitive agreement to buy Xtralis, which is a global provider and industry leader of aspirating smoke detection, as obviously as security video analytics software. Honeywell paid $480 million in the deal. Xtralis’ customer base embodies Fortune 500 companies, iconic sites, and infrastructures worldwide. Its products are used to protect data centers, factual buildings, airports, and manufacturing sites. Xtralis was headquartered in Ireland with 500 employees.
Honeywell has been to some degree quiet on the acquisition front, in fact, the company has taken an opposite approach, completing various spinoffs. This go about a find as the company got a new CEO in 2017, Darius Adamczyk. Over the last couple of years, Honeywell spun off its transportation systems, households, and ADI global distribution businesses last year.