Add-on Acquisition • Automotive

Honeywell Acquires Allied Signal

On June 7, 1999, Honeywell acquired automotive company Allied Signal for 13.8B USD

Acquisition Context
  • This is Honeywell’s 1st transaction in the Automotive sector.
  • This is Honeywell’s 2nd largest (disclosed) transaction.
  • This is Honeywell’s 6th transaction in the United States.
  • This is Honeywell’s 1st transaction in Kentucky.

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M&A Deal Summary

Date June 7, 1999
Target Allied Signal
Sector Automotive
Buyer(s) Honeywell
Deal Type Add-on Acquisition
Deal Value 13.8B USD

Target Company

Allied Signal

Hebron, Kentucky, United States
Allied Signal manafuctures barake pads brake rotors, bearings and drums for engine parts of vehicle.
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Buyer Overview 1

Buyer

Honeywell

Charlotte, North Carolina, United States

Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 38.5B USD (2024)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

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.


Deal Context for Buyer #
Overall 6 of 88
Sector: Automotive 1 of 1
Type: Add-on Acquisition 3 of 65
State: Kentucky 1 of 1
Country: United States 6 of 59
Year: 1999 3 of 3
Size (of disclosed) 2 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-07 Honeywell

Minneapolis, Minnesota, United States

Honeywell Inc. was a former manufacturer of electronic controls. In 1999, Allied Signal acquired Honeywell and changed the name of the combined company to Honeywell International.

Buy $13.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Genesis Cable Systems

Pleasant Prairie, Washington, United States

Genesis Cable Systems LLC is a manufacturer of low-voltage wire and cable.

Buy -