Honeywell - M&A Summary and Business Overview

DiversifiedCompany

Honeywell M&A Summary

Honeywell has acquired 85 companies, including 11 in the last 5 years. A total of 16 acquisitions came from private equity firms. It has also divested 9 assets.

Honeywell’s largest acquisition to date was in 1999, when it acquired Allied Signal for $13.8B. It’s largest disclosed sale occurred in 2016, when it sold Honeywell Technology Solutions to KBR for $300M. Honeywell has acquired in 27 different US states, and 13 countries. The Company’s most targeted sectors include manufacturing (13%) and technology hardware (12%).

Honeywell Business Overview

Where is Honeywell headquartered?

Honeywell is headquartered in Charlotte, North Carolina.

What is Honeywell’s revenue?

Honeywell disclosed revenue of 35,466M USD for 2022 and 34,392M USD for 2021.

How many employees does Honeywell have?

Honeywell has 97,000 employees.

What sector is Honeywell in?

Honeywell is a diversified company.

When was Honeywell founded?

Honeywell was founded in 1885.

M&A Summary

  • M&A Total Activity90
    • M&A Buy Activity81
    • M&A Sell Activity9
  • Total Sectors Invested 22
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 33
  • M&A Advisors 5

Honeywell

Honeywell International, Inc.

855 South Mint Street,
Charlotte, North Carolina 28202
United States,
(704) 627-6200
www.honeywell.com

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 72 3 3 - 3 - 81
vol $47.2B $1.3B $5.6B $54.1B
Sell (0.4/yr) # 7 - 1 - 1 - 9
vol $302M $230M $532M
  90

Most Recent M&A

Company Date Value Type
Global Access Solutions 2023-12-08 5.0B USD Divestiture
Palm Beach Gardens, Florida
SCADAfence 2023-07-10 - Add-on Acquisition
New York, New York · www.scadafence.com
Honeywell International - Product Lines 2023-07-10 - Divestiture
Charlotte, North Carolina
Compressor Controls Corp. 2023-04-26 670M USD Divestiture
Des Moines, Iowa · www.cccglobal.com
US Digital Designs, Inc. 2021-12-13 - Add-on Acquisition
Tempe, Arizona · www.stationalerting.com
Performix, Inc. 2021-09-27 - Add-on Acquisition
Houston, Texas · www.performixinc.com
Fiplex Communications, Inc. 2021-03-10 - Add-on Acquisition
Miami, Florida · www.fiplex.com
Honeywell International, Inc. - Lifestyle And Performance Footwear Business 2021-01-25 230M USD Divestiture
Charlotte, New Jersey
Sparta Systems, Inc. 2020-12-22 1.3B USD Add-on Acquisition
Hamilton, New Jersey · www.spartasystems.com
Sine Group 2020-12-14 - Add-on Acquisition
Adelaide, Australia · www.sine.co
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Allied Signal, Inc. 1999-06-07 UOP LLC 2005-12-01 1
Hebron, Kentucky · www.allied-signal.com Des Plaines, Illinois · www.uop.com
Matrikon, Inc.    - Matrikon Deutschland AG 2005-09-01 1
Edmonton, Alberta · www.matrikon.com Cologne, Germany · www.matrikon.de
Allied Signal, Inc. 1999-06-07 Johnson Matthey - Electronic Materials Division 1999-08-18 1
Hebron, Kentucky · www.allied-signal.com , United Kingdom
Prestone Products Corp. 1997-06-09 Holt Lloyd International Ltd 1997-11-18 1
Danbury, Connecticut · www.prestone.com Stretford, United Kingdom · www.holtsauto.com

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 10 (12%) 1.0B (2%) - -
Technology Hardware 9 (11%) 1.6B (3%) 1 (11%) -
Software 8 (10%) 1.3B (2%) - -
Aerospace 6 (7%) - 1 (11%) -
Electrical Equipment 6 (7%) 268M (< 1%) 1 (11%) -
Safety/Security 5 (6%) 6.9B (13%) - -
Electronics 4 (5%) 1.1B (2%) 1 (11%) 2M (< 1%)
Information Technology 4 (5%) - 1 (11%) 300M (56%)
Chemicals 3 (4%) 118M (< 1%) 1 (11%) -
Communications 3 (4%) 491M (1%) - -
Internet Software and Services 3 (4%) 145M (< 1%) - -
Machinery 3 (4%) 2.0B (4%) - -
Test/Measurement Equipment 3 (4%) 5.4B (10%) - -
Business Services 2 (2%) 2.5B (5%) - -
Distribution 2 (2%) 825M (2%) - -
Energy Services and Equipment 2 (2%) 400M (1%) - -
Oil/Gas Exploration 2 (2%) 670M (1%) - -
Semiconductors 2 (2%) - - -
Life Science - - 2 (22%) -
Automotive 1 (1%) 13.8B (26%) - -
Consumer Products 1 (1%) 1.4B (3%) - -
Diversified 1 (1%) 13.8B (26%) - -
Transportation 1 (1%) 230M (< 1%) - -
Apparel/Textiles - - 1 (11%) 230M (43%)
Total 81 $54.1B 9 $532M

By Geo

State/Country Buy Value Sell Value
United States 54 42.0B 6 532M
  California 6 940M - -
  New Jersey 4 2.4B 2 230M
  Texas 5 - - -
  Florida 4 5.1B - -
  Illinois 3 825M - -
  Washington 3 600M - -
  New York 3 - - -
  Indiana 2 - - -
  Connecticut 2 - - -
  Arizona 2 - - -
  Virginia 2 230M - -
  Oklahoma 2 - - -
  Ohio 2 1.5B - -
  North Carolina 1 415M 1 -
  Massachusetts 1 - - -
  Kentucky 1 13.8B - -
  Iowa 1 670M - -
  Georgia 1 491M - -
  Wisconsin 1 - - -
  Utah 1 - - -
  Tennessee 1 - - -
  Rhode Island 1 1.2B - -
  Pennsylvania 1 - - -
  Nevada 1 - - -
  Minnesota 1 13.8B - -
  Michigan 1 - - -
  Maryland - - 1 300M
Canada 6 283M - -
  British Columbia 2 138M - -
  Alberta 2 145M - -
  Quebec 1 - - -
  Ontario 1 - - -
United Kingdom 5 3.0B 1 -
Germany 4 6.1B - -
Australia 2 480M - -
France 2 1.5B - -
Italy 1 - 1 -
Switzerland 2 130M - -
Austria 1 - - -
China 1 - - -
Ireland - - 1 -
  Delaware - - 1 -
Netherlands 1 260M - -
Singapore 1 305M - -
South Korea 1 - - -
Domestic 54 (67%) 42.0B (78%) 6 (67%) 532M (100%)
Cross-border 27 (33%) 12.1B (22%) 3 (33%) -
Total 81 $54.1B 9 $532M

Top M&A Advisors

Financial Deals
Northside Advisors LLC
 6
Evercore Group
 1
Centerview Partners
 1
Legal Deals
Bingham McCutchen LLP
 2
Crowell & Moring LLP
 1

Deal Values

buy # Total
> $1B 9 $45.6B
$100M to $1B 21 $8.4B
< $100M 2 $138M
TOTAL $54.1B
Largest Allied Signal, Inc.
$13.8B (1999-06-07)
sell # Total
$100M to $1B 2 $530M
< $100M 1 $2M
TOTAL $532M
Largest Honeywell Technology Solutions, Inc.
$300M (2016-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
15%
12 (15%)
Strategic(s)
14%
11 (14%)
Divested to
Investor(s)
11%
1 (11%)
Strategic(s)
67%
6 (67%)

Company Summary

SECTOR

Diversified

Revenue

35,466   4% 2022
34,392   6% 2021
32,637   12% 2020
36,709   13% 2019
41,802   4% 2018
40,534   4% 2017
39,302   2% 2016
38,581   5% 2015
40,306   4% 2014
39,055   4% 2013
37,665   2012
(millions of USD) Show More Show Less

Employees

97,000

Established

1885

Public

NASDAQ: HON

Former Name

AlliedSignal Inc.

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