Honeywell International to acquire TRANSNORM System, from IK Investment Partners for $492.8 million.

Honeywell International, a diversified technology and manufacturing company, to acquire TRANSNORM System, material handling technology manufacturer, from IK Investment Partners, private equity firm. Offer values entire Company at $492.8 million. "The acquisition of Transnorm will build upon the tremendous success of the Intelligrated acquisition and allow our warehouse automation business to take part in very strong European growth driven by e-commerce. The acquisition provides multiple avenues for continued growth and margin expansion for Honeywell. We are excited to add this market leader to an already robust business." Darius Adamczyk, Honeywell Chairman and Chief Executive Officer