Honeywell - M&A Summary and Business Overview

DiversifiedCompany

Honeywell M&A Summary

Honeywell has acquired 88 companies, including 14 in the last 5 years. A total of 16 acquisitions came from private equity firms. It has also divested 11 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 2024, when it sold Honeywell - Personal Protective Equipment to Protective Industrial Products for $1.3B. Honeywell has acquired in 27 different US states, and 13 countries. The Company’s most targeted sectors include manufacturing (12%) and technology hardware (11%).

Honeywell Business Overview

Where is Honeywell headquartered?

Honeywell is headquartered in Charlotte, North Carolina.

What is Honeywell’s revenue?

Honeywell disclosed revenue of 36,662M USD for 2023 and 35,466M USD for 2022.

How many employees does Honeywell have?

Honeywell has 95,000 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 Activity95
    • M&A Buy Activity84
    • M&A Sell Activity11
  • Total Sectors Invested 22
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 35
  • M&A Advisors 7

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 (2.4/yr) # 72 3 3 - 3 3 84
vol $47.2B $1.3B $5.6B $3.7B $57.8B
Sell (0.8/yr) # 7 - 1 - 1 2 11
vol $302M $230M $1.3B $1.9B
  95

Most Recent M&A

Company Date Value Type
Honeywell - Personal Protective Equipment 2024-11-22 1.3B USD Divestiture
Charlotte, North Carolina
Honeywell International - Communication & Navigation Product Lines 2024-07-25 - Divestiture
Charlotte, North Carolina
Air Products - Liquefied Natural Gas (LNG) Process Technology & Equipment Business 2024-07-10 1.8B USD Divestiture
Allentown, Pennsylvania
CAES Systems Holdings LLC 2024-06-20 1.9B USD Divestiture
Arlington, Virginia · www.caes.com
Civitanavi Systems S.p.A. 2024-03-27 - Add-on Acquisition
Pedaso, Italy · www.civitanavi.com
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
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 (9%) -
Software 8 (10%) 1.3B (2%) - -
Aerospace 7 (8%) - 1 (9%) -
Electrical Equipment 6 (7%) 268M (< 1%) 1 (9%) -
Safety/Security 5 (6%) 6.9B (12%) - -
Electronics 4 (5%) 1.1B (2%) 1 (9%) 2M (< 1%)
Information Technology 4 (5%) - 1 (9%) 300M (16%)
Chemicals 3 (4%) 118M (< 1%) 1 (9%) -
Communications 3 (4%) 491M (1%) 1 (9%) -
Internet Software and Services 3 (4%) 145M (< 1%) - -
Machinery 3 (4%) 2.0B (3%) - -
Oil/Gas Exploration 3 (4%) 2.5B (4%) - -
Semiconductors 3 (4%) 1.9B (3%) - -
Test/Measurement Equipment 3 (4%) 5.4B (9%) - -
Business Services 2 (2%) 2.5B (4%) - -
Distribution 2 (2%) 825M (1%) - -
Energy Services and Equipment 2 (2%) 400M (1%) - -
Consumer Products 1 (1%) 1.4B (2%) 1 (9%) 1.3B (71%)
Life Science - - 2 (18%) -
Automotive 1 (1%) 13.8B (24%) - -
Diversified 1 (1%) 13.8B (24%) - -
Transportation 1 (1%) 230M (< 1%) - -
Apparel/Textiles - - 1 (9%) 230M (12%)
Total 84 $57.8B 11 $1.9B

By Geo

State/Country Buy Value Sell Value
United States 56 45.7B 8 1.9B
  California 6 940M - -
  New Jersey 4 2.4B 2 230M
  Texas 5 - - -
  Florida 4 5.1B - -
  North Carolina 1 415M 3 1.3B
  Washington 3 600M - -
  Virginia 3 2.1B - -
  New York 3 - - -
  Illinois 3 825M - -
  Pennsylvania 2 1.8B - -
  Oklahoma 2 - - -
  Ohio 2 1.5B - -
  Indiana 2 - - -
  Connecticut 2 - - -
  Arizona 2 - - -
  Wisconsin 1 - - -
  Utah 1 - - -
  Tennessee 1 - - -
  Rhode Island 1 1.2B - -
  Nevada 1 - - -
  Minnesota 1 13.8B - -
  Michigan 1 - - -
  Massachusetts 1 - - -
  Kentucky 1 13.8B - -
  Iowa 1 670M - -
  Georgia 1 491M - -
  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 - -
Italy 2 - 1 -
Australia 2 480M - -
France 2 1.5B - -
Switzerland 2 130M - -
Austria 1 - - -
China 1 - - -
Ireland - - 1 -
  Delaware - - 1 -
Netherlands 1 260M - -
Singapore 1 305M - -
South Korea 1 - - -
Domestic 56 (67%) 45.7B (79%) 8 (73%) 1.9B (100%)
Cross-border 28 (33%) 12.1B (21%) 3 (27%) -
Total 84 $57.8B 11 $1.9B

Top M&A Advisors

Financial Deals
Northside Advisors LLC
 6
Evercore Group
 1
UniCredit Corporate & Investment Banking
 1
Legal Deals
Bingham McCutchen LLP
 2
Crowell & Moring
 1
Bird & Bird
 1

Deal Values

buy # Total
> $1B 11 $49.3B
$100M to $1B 21 $8.4B
< $100M 2 $138M
TOTAL $57.8B
Largest Allied Signal, Inc.
$13.8B (1999-06-07)
sell # Total
> $1B 1 $1.3B
$100M to $1B 2 $530M
< $100M 1 $2M
TOTAL $1.9B
Largest Honeywell - Personal Protective Equipment
$1.3B (2024-11-22)

M&A Connections

Deals
Acquired from
Investor(s)
14%
12 (14%)
Strategic(s)
15%
13 (15%)
Divested to
Investor(s)
9%
1 (9%)
Strategic(s)
73%
8 (73%)

Company Summary

SECTOR

Diversified

Revenue

36,662   4% 2023
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

95,000

Established

1885

Public

NASDAQ: HON

Former Name

AlliedSignal Inc.

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