Honeywell has completed its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction.
Sundyne is a leader in the design, manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries.
Sundyne's deep customer relationships, best-in-class products and technology will unlock strategic growth potential for Honeywell
Unified under the Honeywell Forge platform, the acquisition positions Honeywell as a leader in the energy transition.
President and CEO of Honeywell's Energy and Sustainability Solutions (ESS) segment, Ken West, said merging Sundyne's differentiated products with Honeywell's leading technology and R&D capabilities positions the business for significant growth.
“By enhancing our end-to-end process technology and critical equipment offerings, this acquisition allows us to provide improved solutions for our customers,” West said.
The completion of this acquisition follows Honeywell's announcement of the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, which will result in three publicly listed industry leaders with distinct strategies and growth drivers.
Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio, including $13.5 billion of accretive acquisitions.
Honeywell’s most recent acquisition is Johnson Matthey’s Catalyst Technologies business for $US2.4 billion.