Home Tag "Honeywell"
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Cyber Security

Honeywell To Split Into Three Companies

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Honeywell has announced that its Board of Directors completed the comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed industry leaders with distinct strategies and growth drivers. The separation is intended to be completed in the second half of 2026 and in a manner […]
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Honeywell To Sell PPE Business For $1.325 Billion

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Honeywell has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc., a portfolio company of Odyssey Investment Partners, for $1.325 billion in an all-cash transaction. The transaction will enable Honeywell to further simplify its portfolio in order to accelerate value creation in alignment with three compelling megatrends: automation, the future of aviation and energy transition. Honeywell’s PPE business, part of the Industrial Automation (IA) business portfolio, is a global provider of PPE for industrial workers, […]
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Honeywell & Samsung E&A To Reduce Power Plant Emissions

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Honeywell has announced a collaborative endeavor with SAMSUNG E&A to jointly market solutions aimed at the hard-to-abate power plant sector globally. The initiative seeks to reduce carbon emissions and contribute to the fight against climate change. It also supports Honeywell’s alignment of its portfolio to three powerful megatrends, including the energy transition. SAMSUNG E&A, a total solutions provider for the global energy industry, will leverage Honeywell’s industry-leading carbon capture technologies to help power plants reduce carbon emissions and meet environmental […]
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Honeywell Collaborates With Cisco On AI Project

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Honeywell has entered into a collaboration with Cisco on an AI-powered solution that automatically adapts building systems based on fluctuating usage levels, reducing energy consumption and optimising the environment for worker productivity and comfort. By combining Honeywell Forge Sustainability+ for Buildings and Cisco Spaces, the joint effort uses AI and machine learning to help monitor assets to adjust heating, ventilation and air conditioning (HVAC) systems based on real-time occupancy for a single building or an entire campus. Cisco Spaces collects […]
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L-R Pramesh Maheshwari, President of Honeywell Process Solutions and Mika Kulju, President, Danfoss Power Electronics and Drives Segment
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Danfoss And Honeywell To Enhance Collaboration

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Danfoss Drives has signed a non-binding memorandum of understanding (MoU) with Honeywell to explore a possible collaboration on innovating automation solutions with an integrated architecture, aiming to reduce downtime and lower engineering costs. Automation solutions are traditionally used to enhance efficiency, precision, safety and quality across various industries such as manufacturing, process industries, energy and utilities, automotive industries and agriculture. “Both companies , Honewell and Danfoss Drives are already present in most of chemical, process and energy plants across MENA […]
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Honeywell Completes Acquisition Of Carriers Access Business $4.95B

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Honeywell has completed its acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion. The deal positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space. This transaction also strengthens Honeywell’s alignment of its portfolio around three compelling megatrends, including automation, and complements Honeywell’s Building Automation segment. The acquisition brings differentiated software capabilities through the addition of three respected brands to Honeywell’s […]
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Cyber Security

Honeywell and Analog Devices Team Up to Drive Transformative Innovation

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Honeywell and Analog Devices have announced at CES 2024 that they have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which will help reduce cost, waste, and downtime. The strategic alliance would bring this new technology to building management systems for the first time. Many of the commercial buildings in the United States are outdated and inefficient and, according to the U.S. Energy Information Administration (EIA), the […]
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Honeywell Acquires Carrier’s Global Access Solutions For $4.95 Billion

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Carrier Global Corporation has entered into a definitive agreement today to sell its security business, Global Access Solutions, which includes the industry-leading brands of LenelS2, Supra and Onity, to Honeywell for an enterprise value of $4.95 billion, which represents approximately 17x 2023 expected EBITDA. The sale agreement is a successful first step in Carrier’s portfolio transformation. With approximately 1,200 employees operating in 33 countries, Carrier’s Global Access Solutions business is an innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile […]
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Honeywell Unveils AR Solution To Elevate Shopping Experience

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To optimize retail operations and efficiency in the Middle East, Honeywell has announced the latest release of its powerful SwiftDecoder barcode-decoding software, designed to make shopping easier and help ensure a seamless retail experience. Used by companies worldwide to scan millions of barcodes each day, SwiftDecoder transforms camera-enabled devices into efficient barcode scanners, offering fast and accurate data capture. For retailers, it seamlessly integrates the software’s augmented reality plug-ins into both store associate- and customer-facing applications. This integration boosts productivity […]
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Honeywell And Industry Partners To Provide First Responders With Critical Information

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Honeywell has announced that it has joined forces with a group of leading industry partners to help deliver more detailed contextual information about commercial fire emergencies to first responders. In a fire emergency response, fire fighters are typically only given a simple building address before they arrive on site. By sharing data from either the fire communicator radio at the building or from a monitoring station, this group will provide first responders with access to important incident location and contact […]
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Honeywell Reveals Top Building Technology Trends For 2023

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Honeywell has released its predictions for emerging trends that will help shape building operations and technologies in 2023 and beyond. Top experts at Honeywell revealed insights on opportunities to make buildings more sustainable, safer and occupant focused. Honeywell’s predictions for 2023 include both ongoing and burgeoning trends: The acceleration of the ‘Electrify Everything’ movement. Communities across the United States recently began prohibiting new natural gas hookups,i and major cities are considering pro-electric legislation, primarily because a building that burns gas […]
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