Honeywell to acquire a majority stake in Fiplex Communications.

Honeywell, an American multinational conglomerate company that produces commercial and consumer products, engineering services and aerospace systems, agreed to acquire a majority stake in Fiplex Communications, a Miami-based company that develops in-building communications systems. Financial terms were not disclosed. "Honeywell has long demonstrated leadership in the fire and life safety industry, and we are pleased to join their team. We look forward to working with Honeywell to expand our technological advancements and to support the creation of better-connected buildings," Matias de Goycoechea, Fiplex Chairman and CTO.