Honeywell has announced plans to acquire heat pump maker Sundyne from private equity firm Warburg Pincus for approximately $2.2 billion. The acquisition is expected to close in Q2 and will add around 1,000 employees to Honeywell’s energy and sustainability solutions segment. Sundyne, a leading manufacturer of centrifugal pumps and gas compressors, will be added to Honeywell’s product portfolio, boosting innovation and efficiency and supporting security needs worldwide. The acquisition is part of Honeywell’s strategy to streamline its portfolio and focus on automation, aviation technology, and clean energy. Honeywell plans to leverage Sundyne’s customer relationships, products, and technology to grow its universal oil product value chains in the refining and petrochemicals, liquefied natural gas, and clean and renewable fuels industries. The acquisition will also lead to improved product offerings and the creation of new pump and compressor products through the digitization of Sundyne’s equipment using Honeywell’s internet-connected platform, Honeywell Forge.
Honeywell to Acquire Sundyne, Leading Heat Pump Manufacturer, in $2.2 Billion Deal Let me know if you’d like me to make any further changes!
