Honeywell to acquire Sundyne from Warburg Pincus for $2.16bn.

Honeywell, an American multinational conglomerate producing commercial and consumer products, agreed to acquire Sundyne, a designer and manufacturer of mission critical flow control equipment, from Warburg Pincus, a private equity firm, for $2.16bn. "By combining Honeywell's top-tier technology with Sundyne's leading process industry solutions, this acquisition will further enhance our dynamic Honeywell UOP business and create strategic growth opportunities in attractive verticals. Sundyne's vast installed base of top-of-the-line pumps and compressors will further strengthen Honeywell's brand in the process industry and create significant opportunities for us to continue expanding our aftermarket services business," Vimal Kapur, Honeywell Chairman and CEO.