Announced
Financials
Tags
material handling technology
conveyors
Machinery: Industrial
Germany
Private
Acquisition
Pending
Private Equity
Synopsis
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
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