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Honeywell invests in a Smart City solution provider
Honeywell has announced a strategic investment in Trinity, an India-based software company and provider of the leading internet of things (IoT) Smart Cities platform and software applications.
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This strategic investment will allow Honeywell to expand its smart cities capabilities by providing access to Trinity’s Smart City solutions, which integrate information from various systems across a city in a common interface and allow operators to better assess, operate and manage the city’s connected infrastructure. Together, Honeywell’s and Trinity’s smart cities solutions help make cities safer and more livable for citizens while helping customers manage and reduce their emissions.
This strategic investment, which is structured to provide Honeywell with a path to full ownership of Trinity, will allow Honeywell to more fully partner with cities that are expanding their smart city deployments or integrating new systems. Trinity’s capabilities complement Honeywell’s technologies for smart cities and global expertise in delivering integrated solutions for mission-critical systems.
“Many of the world’s cities, including within the Middle East, are facing significant operational and sustainability challenges stemming from urbanization, such as unexpected crises, infrastructure issues, environmental and safety concerns, and the expanding needs of citizens,” said George Bou Mitri, vice president and general manager, Honeywell Building Technologies, Middle East, Turkey and Africa. “The combined capabilities of Honeywell and Trinity can allow cities of all sizes across the region to improve services and provide a better experience for their citizens. In addition, the data generated from these technologies can help improve cities’ ability to plan, helping create a more hospitable and livable environment for its citizens.”