Honeywell to demerge its Automation and Aerospace Technologies businesses.

Honeywell, an integrated operating company serving a broad range of industries and geographies around the world, is set to demerge its Automation and Aerospace Technologies businesses. "The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers. Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value. We have a rich pipeline of strategic bolt-on acquisition targets, and we plan to continue deploying capital to further enhance each business as we prepare them to become leading, independent public companies," Vimal Kapur, Honeywell Chairman and CEO.