Business Expansion Honeywell Completes Acquisition of Sundyne for 2.16-Billion-Dollars

Source: Press release Honeywell 1 min Reading Time

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With an aim to expand its process industry capabilities, Honeywell has successfully completed the acquisition of Sundyne from Warburg Pincus for 2.16 billion dollars.

The acquisition of Sundyne is expected to be immediately accretive to Honeywell's sales growth and segment margins as well as to adjusted EPS in the first full year of ownership.(Source:  Pixabay)
The acquisition of Sundyne is expected to be immediately accretive to Honeywell's sales growth and segment margins as well as to adjusted EPS in the first full year of ownership.
(Source: Pixabay)

North Carolina/USA – Honeywell has recently announced the completion of its acquisition of Sundyne from private equity firm Warburg Pincus for 2.16 billion dollars in an all-cash transaction. The acquisition of Sundyne—a leader in the design, manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries—is expected to be immediately accretive to Honeywell's sales growth and segment margins as well as to adjusted EPS in the first full year of ownership.

Sundyne's deep customer relationships, best-in-class products and technology will unlock strategic growth potential for Honeywell UOP's value chains in refining and petrochemicals, liquefied natural gas (LNG) and clean and renewable fuels. Unified under the Honeywell Forge platform, the combined solution provides a scalable, full-spectrum approach that positions Honeywell as a leader in the energy transition.

"Merging Sundyne's differentiated products with Honeywell's leading technology and R&D capabilities positions our business for significant growth," said Ken West, President and CEO of Honeywell's Energy and Sustainability Solutions (ESS) segment. "By enhancing our end-to-end process technology and critical equipment offerings, this acquisition allows us to provide improved solutions for our customers."

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